Accountancy, asked by jain042644, 11 months ago

what is Meant by Net Block Of Fixed Assets?? Explain in simple language.​

Answers

Answered by ashutosh3184
1

Answer:

Net Block on Asset side of the balance sheet is Net Block of Fixed Assets. ... The value of Fixed assets is reduced over a period of time on account of Wear and tear or obsolescence. Hence periodically the value of Fixed assets is reduced

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