Question

 

 Fixed Assets and Current Assets

23 Jul 2025
Answer :
Word Count : 497
In the context of management in tourism, effective financial planning and asset management are vital to ensuring long-term sustainability and profitability. Assets of a tourism enterprise are categorized into two broad types: fixed assets and current assets. Understanding the distinction and management of these assets helps in budgeting, forecasting, investment planning, and maintaining the operational health of tourism businesses such as hotels, resorts, travel agencies, and transport services. Fixed assets, also known as non-current assets, refer to tangible and intangible resources that are expected to be used over a long period, usually more than one year. These include properties such as buildings, vehicles, equipment, and land used in the operations of the tourism business. In tourism, fixed assets often take the form of physical _______ ______ ________ _______ ____ ______ __________.
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