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Whats the difference between current and non current assests ?

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Question added by Asim Azaldeen Abdalrahman Mhammed , Property Manager , TAAM PROPERTY
Date Posted: 2014/12/10
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Quickly realizable assets are current assets in the ordinary course of business to meet current obligations, but non current asset need not be necessarily serve the purpose of meeting current obligations without the interruptions in the day to day working of the enterprise other than a sufficient replacement for the disposal, normally.   Agree with the expert answers as to the timings and other details to which the realization proceeds need to be put to use.

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

current assets is assets which can convert into cash in1 year or operating cycle which longer 

Non current assets is assets which cannot convert into cash within1 year or operating cycle 

Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

Current assets are ones the company expects to convert to cash or use in the business within one year of the balance sheet date. Non-current assets are ones the company reckons it will hold for at least one year.

georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

Unfortunately, I did not understand the question

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