what do you mean by fixed asset?
Answers were Sorted based on User's Feedback
Answer / rupa
fixed assets or those assets,which are acquired for use
over relatively long periods for carring on the operations
of the firm and they are orinarily not meant for resale.
eg:land,buildings,plant machinery,patents and copyrights.
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / ajay prathap
Tangible Assets used in the business that are of a permanent
or relatively fixed nature are called fixed assets
Is This Answer Correct ? | 2 Yes | 1 No |
Answer / rajesh
Fixed asset is an asset which is acquired for long term
benfits
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / rajesh
fixed asset is an asset whis is used by the company for
manufacturing goods or providing services and not for
intended sale
Is This Answer Correct ? | 4 Yes | 4 No |
Answer / sudha
Fixed asset is an long term asset.It is main profit of the
many companies.fixed assets are
buildings,furniture,machinary,lands,
Is This Answer Correct ? | 2 Yes | 2 No |
Answer / fixed asset
fixed assets are nothing but a pizza without a stuffed
chicken layer.i went to tuition yesterday but later found
taht my cycle tyre got punctured.
this is called fixed asset.
Is This Answer Correct ? | 3 Yes | 3 No |
fixed assets are those fixed assets which can be use for
long term which cannot easily convered into cash, example
of fixed assets vehicles,machinery,building,plant etc,
Is This Answer Correct ? | 1 Yes | 1 No |
Answer / rajesh
fixed asset is an asset which is benfitioable to over
aperiod of time.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ravichandra
Fixed assets means an asset which are having long life and
which are useful for long term basis is called as a fixed
asset such as plant&m/c, building, furniture etc
Is This Answer Correct ? | 1 Yes | 2 No |
Answer / vadlakondav
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.
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