Current and non current asset Flashcards
1
Q
Current asset
A
Settled in 12 month cycle, are used for trading and involved in operating cycle, are generally cash or cash equivalents
2
Q
Cash and cash equivalents
A
Current asset
3
Q
Short term loans or advances
A
Current asset
4
Q
Current investment
A
Current asset
5
Q
Inventories
A
Current asset
6
Q
Trade receivables
A
Current asset
7
Q
Non current asset
A
Not settled in 12 months cycle
8
Q
Fixed asset (tangible, intangible, capital work-in progress, intangible assets under development)
A
Non current asset
9
Q
Non current investment
A
Non current asset
10
Q
Deferred tax asset
A
Non current asset
11
Q
Long term loans and advances
A
Non current asset
12
Q
Vehicle
A
Tangible asset
13
Q
Goodwill
A
Intangible asset
14
Q
Patents
A
Intangible asset
15
Q
Brand recognition
A
Intangible asset
