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I believe that land comes under Property, Plant & Equipment which comes under non-current. So, as far as I can recall, it should be non-current.
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∙ 11y ago
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Is premises a current asset or non current asset?
non-current assets.
Is fixtures and fittings a current asset or a non current asset?
non current
Is freight a current asset or non current asset?
it is a expense
What is the difference between non current asset and plant asset?
plant assets comes under non current assets. now non current assets are those which are not easily feasible in cash like land, building or other fixed properities.
Is Closing Inventory is it a current asset?
is closing inventory a current or non current asset
Is money lent by a bank a current asset or non current asset?
non current asset
Is premises a current asset or non current asset?
non-current assets.
Is fixtures and fittings a current asset or a non current asset?
non current
Is freight a current asset or non current asset?
it is a expense
What is the difference between non current asset and plant asset?
plant assets comes under non current assets. now non current assets are those which are not easily feasible in cash like land, building or other fixed properities.
Is Closing Inventory is it a current asset?
is closing inventory a current or non current asset
What is the Journal entry move land out of current assets?
Land is not a current asset and if recorded as current asset then no entry required to re-classify as fixed asset.
Is land a liquid or non liquid asset?
is land a liquid asset
Is warranty expense a current or non-current asset?
An expense is not an asset at all.
Why do amount for vehicle appear under non current asset and current asset?
Because it's a fixed asset
What is difference between fixed asset and non current asset?
Current asset appears first in the balance sheet such as cash, accounts receivable and inventory. Fixed assets are those such as land, buildings, vehicles, furnitures, office equipments. In short, fixed assets are also known as non-current asset. It can also be known as capital assets or plant, property and equipment.
Is fixtures is current or non-current asset?
Fixtures is an item of property plant and equipment and is considered a non-current asset. In order for something to be classified as a current asset, the asset is to be realised within the normal course of business for the company or within 12 months.
