Assets can be divided into 3 types.
1. Current assets (Current asets) means cash or other assets that are reasonably expected to be converted into cash or sold or used up during the period of the normal course of business.
2. Fixed assets (Fixed assets) refers to assets that are durable for use in the normal course of business operations. And last for longer than one year.
3. Other assets (Other assets) refers to assets that can not be classified as current assets. Or fixed assets, such as long-term investments. Expenses or deferred expenses and so on.