Question

Assets which are held in the business for a long period. Answer in a word / phrase / term.

Answer 1

The Answer is.....


$\red{Fixed\:Assets}$


Hope This Helps.....

Answer 2

Answer:

Fixed assets

Explanation:

Fixed assets are held in the business for a long period because fixed assets are immovable in nature and give benefit for more than 12 months.  Some of the examples are Land & building, Machinery , etc.

Fixed Assets are the assets which will remain with the entity permanently (till disposal) . They are tangible items (meaning you can touch them with your hands) that are not liquid (easily convertible to cash) and are expected to be owned for a year or more.