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  • INTERVIEW QUESTIONS ACCOUNTS ACCOUNTS PAYABLE DETAILS
    Question :
    What is the types of assets?

    Posted by: nitin on 8/20/2008

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    Category Accounts Payable Interview Questions
    Rating (0.3) By 1985 users
    Added on 8/20/2008
    Views 2303
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    Answers:

    Account Payable is a Liablity not an Asset.



    Posted by: Azeem Ahmed    

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    There are two types of assets they are fixed assets & current assets .



    Posted by: harikrishna    

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    Asset:
    Fixed Asset
    Fictitious Asset
    Intangible asset
    Tangleble asset.
    Priliminary Asset: Copy Rihts on product,
    Mis. Asset
    Current Asset
    Active / Liquid asset




    Posted by: narasimha prasad    

    Contact narasimha prasad Contact narasimha prasad

    Types of Assets:
    1. Fixed Assets
    2. Current Assets
    3. Fictitious Assets

    Now there are two type of Fixed Assets
    a. Tengible Assets
    2. Intengible Assets.




    Posted by: Anjali Sharma    

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    There are three types of assets
    1. Fixed assets
    Those assets which will be used by the company for a long period of time.
    a) Tangible assets: those assets which we can see and touch and exp Land & Buildings, Plant & Machinery,Furniture, fixtures and fittings
    b) Intangible assets: Those assets which we can't see and touch like Goodwill, Patents, Copyrights, Trade Mark etc
    2. Current assets
    Those assets which can be easily converted into cash within one year like cash in hand, cash at bank, Bills receivable, stock etc
    3. Fictitious assets:
    its not the actual assets , its the expenditure occurred at the tine of commencement of firm ( capital expenditure )like preliminary expenses, discount on issue on debenture/shares, underwriting commission etc



    Posted by: Mohammed Faiyaz Ahmed    

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    Types of assets are :

    1. Fixed Assets
    2. Current Assets
    3. Intangable Assets



    Posted by: sunil kumar.A    

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    basiclay assets are six types

    fixed assets
    current assets
    quick assets
    abosultly quick assets
    wastage assests and
    fictitious expenses



    Posted by: CHANDU    

    Contact CHANDU Contact CHANDU

    4 TYPES OF ASSETS 1.FIXED ASSETS
    2.INTANGIBLE ASSETS
    3.FICTITIOUS ASSETS
    4.CURRENT ASSETS



    Posted by: SURAJ    

    Contact SURAJ Contact SURAJ

    Assets are anything of value that is owned by a company, whether fully paid for or not. These range from cash, inventory, and other "current assets" to real estate, equipment, and other "fixed assets." Intangible items of value to a company, such as exclusive use contracts, copyrights, and patents, are also regarded as assets.



    Posted by: shridhar D Shingalapur    

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    There are three types of assets
    1.fixed assets
    2.current assets
    3.liquid assets
    and two types of fixed assets :-
    1.tangible assets
    2.intangible assets.



    Posted by: hemant kumar roy    

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    Assets are basically two type:- Short and Long term assets.



    Posted by: Kailash    

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    1)Fixed Asset :- Expenses which is paid for generating income for more than one financial year e.i. Plant & Machinery, Building, Furniture
    a)Tangible Asset :- asset which can be physicaly massured and touch e.i. Plant&Machinery,
    Building
    b)Intangible Asset :- asset which can't physicaly massured and touch e.i. Trade mark Goodwill
    2)Current Asset :- Aseet which can be eassily converted in cash e.i. cash in hand, cash at bank, stock
    3)Fictitious assets:
    its not the actual assets , its the expenditure occurred at the tine of commencement of firm ( capital expenditure )like preliminary expenses, discount on issue on debenture/shares, underwriting commission etc



    Thanks & Regards
    Janak Rathore



    Posted by: Janak rathore    

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    Types of Assets:
    1. Fixed Assets
    *Tangible Asset
    *Intangible assets
    2. Current Assets
    3. Fictitious Assets



    Posted by: shiva Diggi    

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    Assets are two types:
    1.financial assets
    2.real assets



    Posted by: mahendar    

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    There is two type of assets:

    1. Fixed Assets
    2. Current Assets



    Posted by: Jahid    

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    assets are
    fixed assets
    tangibale assets
    intangble assets
    current assets
    fictious assets



    Posted by: bala krishna    

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    assests are
    fixed assest
    current assest
    tangibale assest
    intangibale assest
    ficitous assest
    miscellanoues expenses



    Posted by: syed abdul sami    

    Contact syed abdul sami Contact syed abdul sami

    Assets are
    Fixed assets
    Current assets
    Liquid assets
    and agint Assets :-
    1.tangible assets
    2.intangible assets.



    Posted by: santosh kumar    

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    current assets and non current assets
    those assets are covered in 12 months it's called current assets and remaining assets called non current assets.



    Posted by: vishakha    

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    Assets are two types They are
    1.Tangible assets
    2.Intangible assets.



    Posted by: G Mahesh kumar    

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    Main two types of assets
    1) fixed Assets
    2) current assets.
    Other two types of assets
    3) Tangible assets
    4) Intangible Assets



    Posted by: swati iskande    

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    There are three types of assets
    1.fixed assets
    2.current assets
    3.liquid assets
    and two types of fixed assets :-
    1.tangible assets
    2.intangible assets.



    Posted by: shiva    

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    )Fixed Asset :- Expenses which is paid for generating income for more than one financial year e.i. Plant & Machinery, Building, Furniture
    a)Tangible Asset :- asset which can be physicaly massured and touch e.i. Plant&Machinery,
    Building
    b)Intangible Asset :- asset which can't physicaly massured and touch e.i. Trade mark Goodwill
    2)Current Asset :- Aseet which can be eassily converted in cash e.i. cash in hand, cash at bank, stock
    3)Fictitious assets:
    its not the actual assets , its the expenditure occurred at the tine of commencement of firm ( capital expenditure )like preliminary expenses, discount on issue on debenture/shares, underwriting commission etc



    Posted by: mahima    

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    1.fixed assets
    2.current assets



    Posted by: delali anagbah    

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    Types of Assets:-
    1. fixed Assets->
    i) Tangible Fixed Assets
    ii) Intangible Fixed Assets
    2. Current Assets
    3. Fictitious Assets



    Posted by: Satyabrata Nayak    

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    In account, there two types of assets. 1. fixed asset 2. current assets. fixed assets includs long term assets like bulding, furnture,vehicle etc.& current assets is short term asset. It is include routine cash,stock,debtors,etc.



    Posted by: Dinesh m. shahu    

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    There are 3 types of Assets
    i,e,
    1. Fixed Assets
    * Tangiable Asset:P&m, Furniture
    * Intangiable Asset:Goodwill
    2.Current Asset : Cashin hand,Cash at bank, Stck
    3.Fictitious Asset : Debentute/Shares



    Posted by: prakash    

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    hi
    i am syed hamer please tell me about the interviews question and also answer it short to tell is to enplane account sub



    Posted by: syed hamer    

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    there are many types of assets
    fixed assets
    current assets
    tangible assets
    intangible assets
    contingent assets
    liquid assets
    wasting assets
    outstanding assets



    Posted by: farwa chohan    

    Contact farwa chohan Contact farwa chohan

    Assets: A resource with economic value control and own by individual,corporation and country with this expectation it will gave benefits in future.
    Assets can be divided into:
    1 Current
    2 liquid
    3 Business
    4 Natural
    5 Marquee
    6 Contingent
    7 Active
    8 Differed
    9 Floating
    10 Fictitious
    11 Obsolete
    12 Alternative
    13 Tangible
    14 Intangible
    15 Exocet
    16 Core




    Posted by: Shahbaz Yousaf    

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    What the company owns like property, cash, inventory, etc are called as Assets.

    Assets are classified into three categories.
    Current Assets
    Long-term operating assets
    Other Assets

    Current Assets:- This includes cash and any asset that can easily be converted to cash within a very short period of time, typically within a year. Current assets are also called "working assets".

    Cash and Short-Term Investments: - Actual cash that the company has and short-term investments like short-term CDs, three-monthT-Bills, or other highly liquid assets.

    Total Receivables, Net: - Usually, when a company sells its products, it doesn't receive the payment immediately, but in about thirty days. This creates a lag in cash inflow and the amount of this lag is called "Accounts Receivable". Once we account for bad debt from defaulting customers, we get Net Receivables.

    Total Inventory: - In order to effectively sell its products, a company needs to maintain a stock of these products on hand. This is called inventory. An important point about inventory.... it's reported at how much it cost to build the product and not the value it would be sold for to the customer.

    Prepaid Expenses: - If there are any goods or services that a company has already paid for but hasn't received, it's accounted as a prepaid expense. Insurance premiums paid in advance are an example.

    Other Current Assets, Total:-These are any other non-cash assets that are due within a year but are not yet in possession of the company.

    Total Current Assets: Sum of all the line items above gives the total current assets. This is an indication of whether a company can meet its short-term debt.

    Long-term Operating Assets: These are assets used in the operations of the business and are not held for sale to customers. They fall into two categories ? tangible and intangible assets.

    Property/Plant/Equipment, Total ? Net: - This includes the original cost paid for land, buildings & structures, machinery & equipment, etc. less accumulated depreciation. Every year since their purchase, these items lose value due to use. Depreciation is a charge taken to account for this. Accumulated depreciation is the sum of this charge over the useful lifespan of these assets.

    Goodwill, Net: - When a company acquires other companies, it usually pays more than the book value of those companies. This excess is called goodwill. Why pay goodwill? The companies being acquired might have a strong brand, or a list of dedicated customers, or may own a desirable patent or secret product formulation. The price for these intangibles is accounted as goodwill.

    Intangibles, Net: - Intangibles are assets you can't touch ? patents, copyrights, trademarks, brand names, etc.

    Long-Term Investments: - This represents the company?s investments in stocks, bonds, real estate, etc. It's important to note here that the investments are shown at their cost or market price, whichever is lower. So if the company has done really well with it's investments, the appreciation in value is hidden.

    Other Long-Term Assets:-Any long-term investments that could not specifically be included in any of the line items above get lumped into other long-term assets.

    Other Assets, Total:-This is a catch-all for assets that do not fall under any of the line items above.



    Posted by: Lasya Ramakrishna    

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    1 fixed
    2 current
    3 intangible
    4 capital

    and there are a two types of fixed assets
    1 tangible
    2 intangible



    Posted by: sabir hussain    

    Contact sabir hussain Contact sabir hussain

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