07-16-2006, 07:17 AM
These types of classification are not normally used in accounts practically. u may see classifications like other stocks, other infrastructure etc., but other assets is too vague to be part of accounts practically speaking.
It also doesnt given any indication of a current or non-current asset. But while attempting ur paper u shud read the question very carfully. The word "other assets" may be used with reference to a particular scenario.
for example if the question is regarding the current ration and u r given other assets it may give u an indication that it is current asset..
There is nothing wrong with giving assumption, but u shud make sure that there was no indication of current or non-current nature of the other assets in the question..
anyways best of luck
It also doesnt given any indication of a current or non-current asset. But while attempting ur paper u shud read the question very carfully. The word "other assets" may be used with reference to a particular scenario.
for example if the question is regarding the current ration and u r given other assets it may give u an indication that it is current asset..
There is nothing wrong with giving assumption, but u shud make sure that there was no indication of current or non-current nature of the other assets in the question..
anyways best of luck
