i. Operating machines
ii. Furniture
iii. Fi...
i. Operating machines
ii. Furniture
iii. Fixtures and fitting
iv. Loan from friends
V. Creditors
Find the fixed assets?
i, ii and v
i, ii and iv
i, ii and iii
iii, iv and v
Correct answer is C
Fixed assets are assets which are purchased for long-term use and are not likely to be converted quickly into cash, such as land, buildings, furniture and equipment. From the question above they include; i, ii & iii.
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\(\begin{array} {c|c} & D \\ \hline \text{Cash in hand}& 1,440\\ \text{Cash at bank} & 2...