The difference between inventory and fixed assets

1, inventory refers to the enterprise in the daily activities held for sale of finished goods or commodities, in the production process in the product, in the production process or the provision of labor services in the process of consuming materials or materials, including all kinds of materials, products, semi-finished products, finished goods or inventory of goods, as well as packaging, low-value consumables, commissioned the processing of materials and so on.

2, fixed assets refers to the enterprise for the production of products, the provision of services, rental or business management and held, the use of more than 12 months, the value of a certain standard of non-monetary assets, including housing, buildings, machinery, machinery, means of transportation, and other production and business activities related to equipment, appliances, tools and so on. Fixed assets are the means of labor of the enterprise and the main assets on which the enterprise relies for production and operation. From the accounting point of view, fixed assets are generally divided into fixed assets for production, fixed assets for non-production, leased fixed assets, unused fixed assets, fixed assets not required, fixed assets under finance leases, fixed assets under donations and so on.

Response time: 2020-11-18, the latest business changes, please refer to the official website of Ping An Bank announced.

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