Question : It refer to those assets which remain in the business for a period more than one year. Which type of asset is highlighted in the given statement?
Option 1: Current assets
Option 2: Fixed assets
Option 3: Tangible assets
Option 4: Intangible assets
Correct Answer: Fixed assets
Solution : Fixed assets refers to those assets which remain in the business for a period more than one year. For example,plant and machinery furnitur, land and building,etc.
Hence, option B is correct.
Question : These assets provide little or low return. Which type of asset is highlighted in the given statement?
Option 1: Fixed asset
Option 2: Tangible asset
Option 3: Current asset
Option 4: Intangible asset
Question : It refers to those assets which are expected to get converted into cash or cash equivalents within a period of one year. Which type of assets is highlighted in the given statement?
Question : Goodwill and copyright are examples of which assets?
Option 1: Liquid asset
Option 2: Current asset
Option 3: Fixed asset
Question : Goodwill is
Option 1: Tangible Fixed Assets
Option 2: Other Current Liabilities
Option 3: Intangible Assets
Option 4: Short-term Borrowings
Question : Creditors are
Option 3: Intangible Assets under Development
Option 4: Trade payable
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