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Categories >> Accounting >> Accounting AllOther


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what do you mean by fixed asset?
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
# 1
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
Jagdish Sherla
# 2
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
Is This Answer Correct ?    16 Yes 0 No
Mohd Misbah Mohiuddin
# 3
fixed assets are assets , which provide long term benfits
to company ,and which are not easyly convrted into cash
Is This Answer Correct ?    17 Yes 1 No
# 4
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
Satish And Ramu (iijt)
# 5
the asset which generate long term revenues more than one
Is This Answer Correct ?    14 Yes 7 No
# 6
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
# 7
fixed assets means which company started the business it
establish some of assets like building, furniture,
Is This Answer Correct ?    6 Yes 3 No
# 8
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
# 9
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
# 10
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

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what are thw diferrences between a cash book & a petty cash book?   5
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Capital is asset of the company. But why does it appear in Liability side of the balance sheet. JPMorgan-Chase 19
What is the difference between International Accounting Standars & International Financial Reporting Standards?   1
Short Answer on _______Contingent Liability   4
what is the capital Capital-IQ 3
For more Accounting AllOther Interview Questions Click Here 

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