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Assets

What are types of assets and liabilities and their difference ?

Accounting, Assets

What are assets ? Assets are those which we have control right and which we own and in near future it will gives some economic benefits . The term ‘asset’ signifies all kinds of resources that help generate revenue as well as receivables. An asset is nothing more or less than a thing that you …

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What are Fixed Assets – Definition, Characteristics and Examples

Accounting, Assets

What are Fixed Assets ? Fixed assets Definition Fixed assets refer to long-term tangible assets that are used in the operations of a business.They provide long-term financial benefits, have a usefullife of more than one year, and are classified as property, plant, and equipment (PP&E) on the balance sheet.Fixed assets provide the firm with long …

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