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what do you mean by fixed asset?
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Answer / pardeep kaushik
assets which are purhased for long term use by the company
are called fixed assets. they are only sold in such
position when they become useless or operation of new
technique .
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / jai sankar
Asset Acquired for income generation, but not for resale
are called fixed asset. The benefit from them is derived
for a longer period than one year. (e.g.) Machinery.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / pradeep gunuguntla
The asset which we can not move from one place to another
place is called fixed asset.
Features of fixed asset:
it must be in the form of physical shape
it must be in fixed nature.
it must provides benefits to the business
it must be purchased for the use of business not for re sale.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / chandu
yes sir, fixed assets are those assets, which are having
fixed nature and these assets we cant move from one place
to another palce.
which are fixed to land,
fixed assest stays forever in the business,
fixed assests are main resourse to the business,
which are purchased use of business but not resales.
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / rajesh
fixed assets are those assets which held by business not
meant for resale
| Is This Answer Correct ? | 0 Yes | 3 No |
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