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

Posted by: nitin on 8/20/2013

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Category Accounts Payable Interview Questions
Rating (3.4) By 55 users
Added on 8/20/2013
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Answers:

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Account Payable is a Liablity not an Asset.
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Posted by: Azeem Ahmed

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



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Posted by: narasimha prasad

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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.



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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

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Posted by: Mohammed Faiyaz Ahmed

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Types of assets are :

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

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Posted by: CHANDU

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

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Posted by: SURAJ

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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.
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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.
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Posted by: hemant kumar roy

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


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Posted by: Janak rathore

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

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