Fixed assets are held in the business for the purpose of
A. Resale
B. Conversion into cash
C. For earning revenue
D. None of the above
Answer: Option C
This Question Belongs to User Ask Question >> Miscellaneous
Join The Discussion
Comments (3)
Related User Ask Questions
Which of the following is not a primary function of a Bank?
A. Granting Loans
B. Collecting Cheques/Drafts customers
C. Facilitating import of goods
D. Issuing Bank Drafts
A. Regulatory jurisdictional fight between SEBI and IRDA
B. They don’t offer better tax benefits
C. They offer lesser returns compared to traditional insurance policies
D. All of the above
The Chameli Devi Jain Award is given for an outstanding woman ____?
A. Scientist
B. Reporter
C. Player
D. Teacher
The primary function of accounting is
Capture economic data
Related to financial transactions
Provide information for action
Accomplish non-economic goals
The basic accounting equation is ______
Stockholder's equity = Assets - Liabilities
Profits = Revenues - Costs
Assets = Liabilities - Stockholder's equity
Net worth = Assets + Liabilities
Fixed assets are held by business for ________
Converting into cash
Generating revenue
Resale
None Above