Question

the assets which are purchased not for purpose of resale are called______​

Answer 1

Answer:

Fixed assets are the assets which stays in the business for more than 4-5 years. They are acquired in business for generating income. They are long term assets and not acquired for resale.

Answer 2

Answer:

Fixed assets are the assets which stays in the business for more than 4-5 years. They are acquired in business for generating income. They are long term assets and not acquired for resale. e.g. Plant and machinery , Furniture and fixtures.

Explanation:

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