I am constructing a classified balance sheet and I would like to know if fixed assets are the same as plant assets?
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I am constructing a classified balance sheet and I would like to know if fixed assets are the same as plant assets?
Yes. I learned it as fixed assets. Current books seem to use the term plant assets, or more commonly plant, property & equipment. My finance book calls them fixed assets. All the same thing.
Yes Fixed Assets also known as Non Current Assets are Plant Assets compromising of property, plant & equipment.
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