what do you mean by fixed asset?

Answers were Sorted based on User's Feedback



what do you mean by fixed asset?..

Answer / jagdish sherla

Fixed asset means Fixed Investment with Assets i.e. Plant &
Machinery, Electrical Installation, Vehicles, Land &
Building etc.

Is This Answer Correct ?    22 Yes 2 No

what do you mean by fixed asset?..

Answer / mohd misbah mohiuddin

Irrespective of nature and type of business, there are two
types of Assets. They are fixed assets and Current Assets.
Current assets are those assets which can be easily
converted into cash within a period of generally say one
year. Fixed Assets are those assets which can be touched,
felt and can be seen. The Benefits of fixed assets can be
derived more than one accounting period i.e, the benefit
can be derived for more than 12 months. Examples of Fixed
Assets are Plant & Machinery, Furniture, premises, Vehicles
etc.,

Is This Answer Correct ?    18 Yes 0 No

what do you mean by fixed asset?..

Answer / raju.e

fixed assets are assets , which provide long term benfits
to company ,and which are not easyly convrted into cash

Is This Answer Correct ?    18 Yes 1 No

what do you mean by fixed asset?..

Answer / satish and ramu (iijt)

These assets are held by the business for more than one
accounting period. fixed assets may be two types.
Tangible assets
intangible assets

Is This Answer Correct ?    14 Yes 2 No

what do you mean by fixed asset?..

Answer / b.sathyanarayana

the asset which generate long term revenues more than one
accounting

Is This Answer Correct ?    14 Yes 7 No

what do you mean by fixed asset?..

Answer / sathish.narisetty(warangal)

A long-term, tangible asset held for business use and not
expected to be converted to cash in the current or upcoming
fiscal year, such as manufacturing equipment, real estate,
and furniture. also called plant.

Is This Answer Correct ?    4 Yes 0 No

what do you mean by fixed asset?..

Answer / guest

fixed assets means which company started the business it
establish some of assets like building, furniture,
machinary.

Is This Answer Correct ?    6 Yes 3 No

what do you mean by fixed asset?..

Answer / gurumurthy

Fixed asset means The assest which are parmanent in the
nature i.e. plant & Machinery, building etc.

Is This Answer Correct ?    6 Yes 4 No

what do you mean by fixed asset?..

Answer / amit

there r two types of assets,fixed and current assets.
current assets are generally use to earn revenue on daily
basis,like a cloth merchandiser uses cloths sale or
purchase per day for earning and a general store owner uese
pulse,rice,salt,etc. also cash ,cheques and bills
receivable r also current assets,,whereas fixed asstes are
use to generate long term revenue.they purchased once in
the business and helps business like
building,machinery,plants etc.they r not used in general
business behaviour.

Is This Answer Correct ?    5 Yes 3 No

what do you mean by fixed asset?..

Answer / selvaganesan.n

fixed assets are those which cannot be converted into
cash....fixed assets remains for a considerable period of
time..example of fixed assets are land
&buildings,furniture,machinery etc.....

Is This Answer Correct ?    4 Yes 2 No

Post New Answer

More Accounting AllOther Interview Questions

hi this is sharath,from hassan ,karnataka.,., i am caled for t interv on 28th may 2009, 12 noon, at foll location.,. STATE BANK OF MYSORE STAFF TRAINING CENTRE 104/105 7TH MAIN ROAD JAYALAKSHMIPURAM MYSORE-570012. anybody who is also attendin the same interview please reply me .,.,. i am in my final yr BE EnC,MCE hassan, i wold like to know more about the interview .,., please do reply.,.,. yours friendly, sharath kumar, sharath.syss@gmail.com

0 Answers   State Bank Of India SBI,


What is Accounting? How to prepare the manual accounts? What are the manual accounts? What are the subsidary books? How to classify, summerising and posting accounts. What are basic and important stpes to take while preparing journal,ledger,cashbook, Bank book, Trailbalance, Trading and profit and loss a/c and Balance sheet.

2 Answers   MM Investment, Wartsila,


EXPAND_________WDV

3 Answers  


Expand-------MRR

1 Answers  


Expand ________BCD

2 Answers  






Expand I T O

1 Answers  


What is Operating cost? Please explain by an example?

1 Answers  


what are the methods used to allocate support costs?

1 Answers  


what is the meaning of mutual funds?and how many types?

3 Answers  


define instsllment system?

1 Answers  


I gave cash advance of Rs. 70000 to one our enginner at site. He submitted only bills of 69000. Please tell me, how I can write these transaction in the Day book.

12 Answers  


Expand ------BSP

1 Answers  


Categories