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
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.
Question : These assets provide little or low return. Which type of asset is highlighted in the given statement?
Question : It refers to those assets which are expected to get converted into cash or cash equivalents within a period of one year. Which type of assets is highlighted in the given statement?
Question : Goodwill and copyright are examples of which assets?
Question : Goodwill is
Question : Creditors are
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