As per the accounting what do you mean by Fixed Assets?
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Answer / h.r. sreepada bhagi
Fixed Assets (Also called Capital Assets or equipments)
refer to tangible assets, the life of which is beyond one
Financial year. These assets can generally used for several
years and benefit is derived in successive accounting years
during their life time. Cost of fixed assets is charged to
Profit & Loss Account every year in the name of depreciation
at the rate/rates prescribed in the law of the country where
it's accounted or where the business is situated.
For more information read any Accountancy Book.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / greatangelina
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 ? | 3 Yes | 1 No |
Answer / dharmendra.ch(mancherial)
fixed assets are the assets which we cont convert them cash
into short period like exampel bulding,furniture..etc
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / suraj
fixedassets means these assets which are held for there
service in the production ,administration,sale of goods and
services. these assets held for use not for resale like
plant&machinery, land&buildings,furniture&fittings e.t.c.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / shaki
Fixed Assets means A Business owns or buys for long term use
within the business.
ex : lands
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Answer / arun kumar
the assets with are fixed in nature is called fixed assets
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / rakesh
Fixed Assest is the tangible assest held for a business use
which can not be move from one place to another or cant not
be expected to be converted into cash.
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Answer / pradeep gunuguntla
The asset which we can not move from one place to another
place is called fixed asset.
| Is This Answer Correct ? | 8 Yes | 9 No |
Answer / tina
asset which is used for long term & which is not for sell.
| Is This Answer Correct ? | 3 Yes | 5 No |
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