According to the accounting elements of administrative units, "fixed assets" belong to asset-type accounting items, and "fixed funds" belong to net-asset type accounting items.

Asset accounts are accounts that reflect the increase or decrease in assets. Asset accounts can be divided into current assets and non-current assets according to the speed of asset realization (liquidity). An account used to calculate the increases, decreases, changes and balances of various types of assets.

Net assets refer to the difference between the assets minus liabilities and income minus expenditures of an administrative unit. The formula is expressed as: net assets = assets - liabilities.

The net assets of an administrative unit belong to the state. It includes the value of the assets of the administrative unit, as well as the administrative funds allocated by the state and the year-end rolling balance after deducting various expenditures from various incomes generated by the unit's performance of management functions.

Extended information:

1. Contents of net assets of administrative units

Net assets of administrative units include fixed funds and balances.

Fixed funds refer to the funds occupied by the fixed assets of administrative units. Fixed funds are recorded based on the actual amount incurred.

The balance is the balance after all income and expenses of an administrative unit are offset. The normal fund balance and special fund balance of administrative units should be accounted for separately.

2. Types of asset accounts

Asset accounts can be further divided into current asset accounts and non-current asset accounts according to the speed of liquidity.

1. Current type

Current asset accounts mainly include cash on hand, bank deposits, short-term investments, accounts receivable, raw materials, inventory goods, deferred expenses, etc., which can reflect Assets that change or are used during an operating cycle of one year or more.

2. Non-current assets

Non-current asset accounts include the enterprise’s long-term investments, fixed assets, accumulated depreciation, intangible assets, long-term deferred expenses and other assets and claims of the enterprise. and other rights accounts.

Baidu Encyclopedia - Asset Accounts

Baidu Encyclopedia - Net Assets of Administrative Units