Question

Fixed assets are carried in books for conversion as on the date of _____.

Answer 1

Answer:

ғɪxᴇᴅ ᴀssᴇᴛs

ɪɴ ʙᴜsɪɴᴇss, ᴛʜᴇ ᴛᴇʀᴍ ғɪxᴇᴅ ᴀssᴇᴛ ᴀᴘᴘʟɪᴇs ᴛᴏ ɪᴛᴇᴍs ᴛʜᴀᴛ ᴛʜᴇ ᴄᴏᴍᴘᴀɴʏ ᴅᴏᴇs ɴᴏᴛ ᴇxᴘᴇᴄᴛ ᴛᴏ ᴄᴏɴsᴜᴍᴇᴅ ᴏʀ sᴇʟʟ ᴡɪᴛʜɪɴ ᴛʜᴇ ᴀᴄᴄᴏᴜɴᴛɪɴɢ ᴘᴇʀɪᴏᴅ. ... ᴇxᴀᴍᴘʟᴇs ᴏғ ғɪxᴇᴅ ᴀssᴇᴛs ɪɴᴄʟᴜᴅᴇ ᴍᴀɴᴜғᴀᴄᴛᴜʀɪɴɢ ᴇǫᴜɪᴘᴍᴇɴᴛ, ғʟᴇᴇᴛ ᴠᴇʜɪᴄʟᴇs, ʙᴜɪʟᴅɪɴɢs, ʟᴀɴᴅ, ғᴜʀɴɪᴛᴜʀᴇ ᴀɴᴅ ғɪxᴛᴜʀᴇs, ᴠᴇʜɪᴄʟᴇs, ᴀɴᴅ ᴘᴇʀsᴏɴᴀʟ ᴄᴏᴍᴘᴜᴛᴇʀs.

hope this help...

Answer 2

Answer:

Fixed assets are carried in books for conversion as on the date of end of the financial year.

Explanation:

Fixed assests

• Fixed assests are the things that a company can not sell off.
• These are the assests that are important for running a company.
• These assets can not be converted to cash.
• For long run these assets is in use for the company.
• These assets appear on the balance sheet of the company.