The difference between current assets and fixed assets as

follows:

Current assets are flexible in nature, easy to encashable

and floting money to company whereas

Fixed assets are Fixed in nature in other words non-moving

assets, not easy to encash, regularly depreciated.

Classification:

Current assets:

Cash - at hand and at bank

Inventories
Sundry Debtors
Advance and Deposits

Fixed Assets:

Land and Building

Furniture and Fittings
Tools and tackles
Plant and Machinery
Computer