what do you mean by fixed asset?

Answer Posted / pardeep kaushik

assets which are purhased for long term use by the company
are called fixed assets. they are only sold in such
position when they become useless or operation of new
technique .

Is This Answer Correct ?    1 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the accounting conventions and Practices?

1730


What is the Branch Accountant Responsbilities ?

3191


Can anyone plz. tell me where can i get the proforma application for DAO.I have tried all the links but i couldn't find any application proforma in the notifications.

1488


what is Ratio Analysis ?

1813


What is Hot Issue Income for Hedge Funds?

8235






wat is the fundamental analysys& technical analasys?and wat is the difference bewween fundamental analysys&technical analasys?

1586


What is Compliance?

1648


How can I find out my credit rating score for free?

1600


what is ZBA hold & balance hold in banking?

1811


what is meant by virus

7054


differed tax liability

1472


Why do you want to work with us

1835


Expand---------EDP

2023


Which element do you need to enter during document posting to distinguish between international and local GAAP (generally accepted accounting principle)?(any 2 answer) • Account group for the account approach • Ledger for the ledger approach • Ledger group for the ledger approach • Account for the account approach

2724


WHAT IS THE DIFFERENCE BETWEEN COST CONTRL & COST REDUCTION

1525