What Are Quick Assets?

The so-called production assets refer to the non-financial assets generated as the output of the production process, including naturally occurring tangible assets, as well as some intangible assets generated through legal or social procedures. It is accumulated from various outputs that have not been consumed in each year, and can be reproduced by the production process after being consumed or destroyed.

Production assets

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The so-called production assets refer to the non-financial assets generated as the output of the production process, including naturally occurring tangible assets, as well as some intangible assets generated through legal or social procedures. It is accumulated from various outputs that have not been consumed in each year, and can be copied again by the production process after being consumed or damaged

Production assets include three categories: 1. Fixed assets;

2, inventory;

3. Precious items.

The accounting of production assets mainly starts from three aspects: 1. Net acquisition of fixed assets: The value of fixed assets obtained during the accounting period less the value of fixed assets disposed of.

2. Inventory change: The value of the inventories minus the value of the inventories during the accounting period.

3. Net acquisition of valuables: The value of valuables obtained during the accounting period minus the value of valuables disposed of.