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Answer Posted / tannu
there are two types of asset- fixed asset n current asset.
1.fixed asset are those assets which are not easily
converted into cash. for ex; land, machinery, bulding,
furniture etc.
2.current assets are those which are easily converted into
cash. for ex ; stock, debtors,bills receivable etc.
| Is This Answer Correct ? | 98 Yes | 17 No |
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