Question

Question - A Ltd. imported from London one machinery for sale in India and other machinery for production purpose. Will you treat them as goods or fixed assets?
Class-11 Spam = Reported ​

Answer 1

Answer:

fixed assets

Explanation:

because it is a asset of a company always

Answer 2

Answer:

Solution

Machinery imported for sale in India will be treated as goods. Machinery purchased for production will be treated as fixed asset.

Explanation:

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