[amp_mcq option1=”Fixed asset” option2=”Current asset” option3=”Loans and Advances” option4=”Investment” correct=”option1″]<\/p>\n
The correct answer is A. Fixed asset.<\/p>\n
Fixed assets are assets that a company owns and expects to use for more than one year. They are typically tangible assets, such as land, buildings, and equipment. Trademarks and goodwill are also considered fixed assets, even though they are intangible.<\/p>\n
Current assets are assets that a company expects to convert into cash within one year. They include cash, accounts receivable, inventory, and short-term investments.<\/p>\n
Loans and advances are amounts that a company has lent to other parties. They are not considered assets, because the company does not own them.<\/p>\n
Investments are assets that a company owns for the purpose of generating income or capital appreciation. They include stocks, bonds, and real estate.<\/p>\n
In conclusion, trademarks, goodwill, and buildings are shown under the head of fixed assets in a company’s balance sheet.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”Fixed asset” option2=”Current asset” option3=”Loans and Advances” option4=”Investment” correct=”option1″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-44766","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"\n