Question

Immovable properties held for companis operation is to be shown as

Answer 1

Immovable properties held for companies operation is to be shown as  fixed asset.

Explanation:

• The current and fixed assets of a property are listed in the balance sheet.
• The resources of a company are shown on the balance sheet and are termed as the property of the company.
• It is essential to keep the records of the assets or property of the company for lawful and other concerns.
• Such balance sheets facilitate the daily activities of the company.