Question

Whatcis the purpose of fixed capital

Answer 1

Answer:

It is a part of total capital invested in the business. It has a permanent existence in the business to meet its long-term needs. It is used for purchasing fixed assets like land, building, plant, machinery, etc. It is also used for purchasing intangible assets like patents, copyrights, goodwill, etc.

Explanation:

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Answer 2

hey mate !

Purpose :Fixed Capital is needed to buy fixed assets required for the smooth functioning of the company in a long run. The company needs fixed capital to make a purchase of various fixed-assets like land and building, plant and machinery, furniture and fixtures, etc

Explanation:

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