BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -current assets . Total Assets = Net Fixed Assets + Current Assets. Therefore, total assets-net fixed assets will be equal to current assets. sales revenue minus cost of goods sold .

Detailed explanation-2: -No. Net Fixed Assets are the net value of a company’s fixed assets alone and do not include any of its current or non-current assets.

Detailed explanation-3: -No, current assets are not the same as total assets. A current asset is any asset that will provide an economic value for or within one year. Total assets accounts for all current assets, but also for long-term fixed assets, intangible assets, and other non-current assets.

Detailed explanation-4: -Total Assets = Current Assets + Noncurrent Assets The total assets can be found in a financial statement called the balance sheet. In basic accounting, total assets are also equal to total liabilities and total stockholder’s equity.

Detailed explanation-5: -Current assets are the assets that a business owns and expects to use or turn into cash within a year while fixed assets are resources for long term use. Both current and fixed assets are reported on the balance sheet with fixed assets often listed as property, plant and equipment (PPE).