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Explain The Meaning Of Fixed Assets? |
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Answer» These are those assets, which are acquired for relatively long PERIODS for carrying on the business of the ENTERPRISE. Such assets are not MEANT for resale. For example, LAND and Building, Plant and Machinery etc. These are those assets, which are acquired for relatively long periods for carrying on the business of the enterprise. Such assets are not meant for resale. For example, Land and Building, Plant and Machinery etc. |
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