Question

Give one difference between fixed assets and current assets.

Answer 1

S. No.	Basis of Distinction	Fixed Assets	Current Assets
1.	Meaning	Long-term assets used in business operations that cannot be converted into cash within a year.	Short-term assets that are expected to be converted into cash or used up within one year.
2.	Example	Buildings, machinery, and equipment.	Cash, inventory, accounts receivable.