Question

what is fixed asset??​

Answer 1

Answer:

the assets which are there in business for long duration and give benefit for long period of time are known as fixed assets.

for example, machineries

Answer 2

Answer:

Fixed assets, also known as long-lived assets, tangible assets or property, plant and equipment, is a term used in accounting for assets and property that cannot easily be converted into cash. Fixed assets are different than current assets, such as cash or bank accounts, because the latter are liquid assets.