Question

Land & Building in not fixed assets. (State True or False)

Answer 1

false.

land and building are fixed assets.

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Answer 2

● The above given statement that land and building is not fixed asset is false.

● Land and Building is a fixed asset and furthermore compose it in fixed asset segment in accounting report.

● Fixed assets are long haul unmistakable piece of benefit or property.

● The term fixed show that this kind of benefit won't sell or utilized by other individual in the present bookkeeping year.

●This kind of benefit is of changeless nature that a business secures for example land & building, Furniture, Any sort of hardware and so forth.