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Long-term funds are required to purchase ______ assets. - Commerce

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Question

Long-term funds are required to purchase ______ assets.

Fill in the Blanks
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Solution

Long-term funds are required to purchase fixed assets.

Explanation:

Fixed assets include machinery, land, buildings, and equipment these are assets used for long-term operations in a business.

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Chapter 3: Sources of Financial for a Join stock Company - QUESTIONS [Page 93]

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C. B. Gupta Commerce Volume 2 [English] Class 12 ISC
Chapter 3 Sources of Financial for a Join stock Company
QUESTIONS | Q 31. | Page 93
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