Description
Fixed assets, also known as a non-current asset or as property, plant, and equipment (PP&E), is a term used in accounting for assets and property that cannot easily be converted into cash. This can be compared with current assets such as cash or bank accounts, which are described as...
Current assets
Current assets are those assets that can be converted to cash within one year. They include inventory, debtors, cash and bank balances, bills receivables, marketable securities etc.
Current liabilities
Current liabilities are those liabilities that will be paid within one...