what are fixed assests ......?????
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fixed assets are those which are purchased for use on yhe business for a long period of time and are not meant to resale ont he ordinary course of business
eg... building plantaitonaries furniture etc
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Fixed assets, also known as tangible assets or property, plant and equipment, is a term used in accounting for assets and property that cannot easily be converted into cash. This can be compared with current assets such as cash or bank accounts, described as liquid assets..
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