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Subject - Accounting:

General Concepts

MCQ - 16-18

Question:

Which of these best describes fixed assets?

  1. Are bought to be used in the business
  2. Are expensive items bought for the business
  3. Are items which will not wear out quickly
  4. Are expensive items bought for the business

Correct Answer: D

Explanation:

Not available

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Record Performance

355 MCQ for effective preparation of the test of General Concepts of Accounting section.

Read the MCQ statement: Which of these best describes fixed assets?, keenly and apply the method you have learn through the video lessons for General Concepts to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 16-18.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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