Types of fixed asset in accounting
How many kinds of fixed asset are there in accounting? What are they?
Expert
The immovable assets are termed as fixed assets.
There are five types of fixed assets are there as:
• Land • Plant & Machinery • Vehicles • Buildings • Furniture
Liabilities mean the amount which the firm owes to the outsiders. Liabilities are of two types: -Long term liabilities & Short term liabilities. Examples of long term liabilities are long terms loans, bonds etc. & examples of short term liabil
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