defference between capital assets and fixed assets
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Answer / nisha
fixed asset means assets held by entity for producing goods
&services in the ordinary couse of business ¬ intended
to be sold during normal courses of business.where as
capital asset include fixed asset & long tern assets held
as investments
| Is This Answer Correct ? | 8 Yes | 7 No |
Answer / shivani shirish veerkar
capital asset means tangible asset which cannot be easily
converted into cash & held for a long time where as fixed
asset means tangible asset which can be converted into cash
foe a long time.
| Is This Answer Correct ? | 20 Yes | 20 No |
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