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What is difference between personal assets and company assets?

Shangaad ∙

Lvl 1

∙ 10y ago

Updated: 9/28/2023

Personal assets is assets that are owned by a person. Company assets are assets that are own by the company.

Wiki User

∙ 10y ago

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Continue Learning about Accounting

What is the difference between a company's assets and its liabilities or its net assets is?

Equity

How do you calculate book value of a company?

The book value is the difference between a company's assets and their total liabilities. It is usually drawn from the balance sheet of a company.

The difference between financial and physical assets?

Physical assets are those assets which put company to earn or produce units to earn revenue like machinery, plant, equipment etc. Financial assets are like shares or debentures purchased in other company.

What is difference between gross working capital and net working capital?

Gross working capital is the amount company invested in current assets while net working capital is the difference between current assets and current liabilities.

What is the difference between assets and fixes assets?

Assets have of two types Current Assets Non-Current/ Fixed Assets Current Assets are those which company utilizes in one fiscal year for example, material, Fixed assets are those assets which company utilizes for more than one fiscal year for example, machinery, plant, equipment etc

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