answersLogoWhite

0


Best Answer

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

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is difference between personal assets and company assets?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

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 fixed assets and non current assets?

Fixed assets and non-current assets are basically the same. Both are defined as assests that are utilized or depreciated by a company over the course of more than a year.


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


What are the advantages of being a limited liability company?

A limited liability company, or LLC, is its own entity and can possess assets, property, and liability. This allows you shield your personal assets from the assets of the limited liability company.


What disadvantages does a partnership have when compared to a private limited company?

If the partnership go into debt, you can lose personal assets aswell as the businesses assets. A private company's assets can only be ceased if the company go into debt.


Can the owner of any big company buy personal assets with his own money?

Been a owner of big company you can buy personal assets with your own money. A lot of companies do this and make profit.


What is the difference between registered company and partnership?

Unlike the shareholders in a limited company, the members of a general partnership have no financial protection if the business runs into trouble - each partner is responsible for the debts of the partnership as a whole. This means that each partner's personal assets may be at risk if the business fails


What is the difference between investing in shares and investing in real assets?

Investing in shares is where you purchase a certain share of a company. Investing in real assets mean when you actually purchase a house, or gold or silver.


Is gross working capital refers to the company's investment in current assets?

Gross Working Capital is the difference between the current assets and current liabilities where 'current' implies 'within one year' i.e Working Capital = Current Assets - Current Liabilities Working Capital is added to the Fixed Assets to get Net Fixed Assets of a company. i.e. Net Fixed Assets = Fixed Assets + Working Capital