Multiple Choice Questions on Assets which have physical existence and can be touched and seen are ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

Assets which have physical existence and can be touched and seen are ........

General Accounting Principles Concepts of Accounting
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    Assets which have physical existence and can be touched and seen are-

    Fixed Assets

    Incorrect Answer

    Tangible assets

    Correct Answer

    Fictitious assets

    Incorrect Answer

    Current assets

    Incorrect Answer
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    Explanation:

    Tangible asset  are physical and measurable assets that are used in a company's operations. Assets like property, plant, and equipment, are tangible assets. These assets include:

    • Land
    • Vehicles
    • Equipment
    • Machinery
    • Furnitur
    • Inventory
    • Securities like stocks, bonds, and cash

    By: Subhash Singh
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