Determine the fixed assets?

By: |Published on: Dec 5|Categories: Accounting JAMB| 0 comments

Use the information below to answer the question

  1. Cash at bank
  2. Cash in hand
  3. Premises
  4. Land
  5. Creditors
  6. loan from friends/bank.

A. i and v
B. ii and iv
C. ii and vi
D. iii and iv

Correct Answer:

Option D – iii and iv

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