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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (157)
 Taxation interview questions  Taxation Interview Questions (1893)
 Accounting General interview questions  Accounting General Interview Questions (2781)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
what do you mean by fixed asset?
 Question Submitted By :: B.sathyanarayana
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what do you mean by fixed asset?
Answer
# 1
the asset which generate long term revenues more than one
accounting
 
Is This Answer Correct ?    14 Yes 7 No
B.sathyanarayana
 
  Re: what do you mean by fixed asset?
Answer
# 2
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
 
 
 
  Re: what do you mean by fixed asset?
Answer
# 3
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 ?    13 Yes 2 No
Satish And Ramu (iijt)
 
  Re: what do you mean by fixed asset?
Answer
# 4
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
Gurumurthy
 
  Re: what do you mean by fixed asset?
Answer
# 5
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 ?    16 Yes 0 No
Mohd Misbah Mohiuddin
 
  Re: what do you mean by fixed asset?
Answer
# 6
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
Guest
 
  Re: what do you mean by fixed asset?
Answer
# 7
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
Amit
 
  Re: what do you mean by fixed asset?
Answer
# 8
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
Rajesh
 
  Re: what do you mean by fixed asset?
Answer
# 9
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
Raju.e
 
  Re: what do you mean by fixed asset?
Answer
# 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
Selvaganesan.n
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
what is the journal entry for purchase bill discount   14
Expalin about the distinction between Profit and loss a/c and balance sheet   1
what is the effect of repo rate Capital-IQ 4
what is ADR FactSet 5
Role played by a financial manager in matter of dividend policy   1
Expand----------ITR   1
Repaid the loan taken from Sachin for the marriage out of the business. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?   2
capital reserve and revenue reserve   1
Tangible & Intangible Assets? Is goodwill a Tangible or Intangible Asset? Goodwill is an intangible asset. EDS 2
Expand GDI?   2
What is Performance Share?   1
2. Contingent liabilities should be recorded in the books when; a) It is probable that the future events will occur b) The amount of the liability can be reasonable estimated. c) Both (a) and (b) d) Either (a) or (b) FactSet 2
 
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