Get premium membership and access questions with answers, video lessons as well as revision papers.
Got a question or eager to learn? Discover limitless learning on WhatsApp now - Start Now!

Explain what is meant by the term fixed assets.

      

Explain what is meant by the term fixed assets.

  

Answers


sharon
These are assets expected to last for a long time usually more than one year. They are not intended for resale but to help in the running of the business in order to produce and provide goods and services. Examples are buildings, land, motor cars and furniture.
sharon kalunda answered the question on February 22, 2019 at 14:04


Next: Explain the following terms as used in business. a.) Debtor b)Creditors c.) Goods d.) Assets
Previous: What are the current assets?

View More Business Studies Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions