1
Question
Equipment is an item of ___________.
Equipment is an item of ___________.
Open in App
Solution
The correct option is B asset
Assets are of two types.
Current Assets are those which evolve during the business operations. These are fluctuating and change with the business transaction.Like Sundry Debtors, Inventory etc.
Fixed Assets are those which are of permanent nature. These assets remains in the business for a longer duration and benefits from these assets are available to the business for number of years.
Equipment is a fixed asset and to to shown in the balance sheet.
Assets are of two types.
Current Assets are those which evolve during the business operations. These are fluctuating and change with the business transaction.
Like Sundry Debtors, Inventory etc.
Fixed Assets are those which are of permanent nature. These assets remains in the business for a longer duration and benefits from these assets are available to the business for number of years.
Equipment is a fixed asset and to to shown in the balance sheet.
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
