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Giving examples, explain the following accounting terms: Fixed assets - Accountancy

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Giving example, explain the following accounting term:

Fixed assets

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उत्तर

Fixed assets- These are held for long term and increase the profit earning capacity of the business, over various accounting periods.

These assets are not meant for sale; for example, land, building, machinery, etc.

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Basic Terms in Accounting
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पाठ 1: Introduction to Accounting - Questions for practice [पृष्ठ २१]

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एनसीईआरटी Accountancy - Financial Accounting 1 [English] Class 11
पाठ 1 Introduction to Accounting
Questions for practice | Q 13. (i) | पृष्ठ २१
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