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

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प्रश्न

Giving example, explain the following accounting term:

Fixed assets

संक्षेप में उत्तर
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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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