Question : It refer to those assets which remain in the business for a period more than one year. Which type of asset is highlighted in the given statement?
Option 1: Current assets
Option 2: Fixed assets
Option 3: Tangible assets
Option 4: Intangible assets
Answer (1)
15th Jan, 2024
Correct Answer: Fixed assets
Solution : Fixed assets refers to those assets which remain in the business for a period more than one year. For example,plant and machinery furnitur, land and building,etc.
Hence, option B is correct.
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