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Financial Statements - 1 — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountFinancial Statements - 11 Mark
Question
Give two examples of each of Fixed Assets and Current Assets.
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Answer

  1. Fixed Assets – Land, Building, Furniture, fixtures, and vehicles etc.
  2. Current Assets – Cash, Bill Receivable, Debtors, Prepaid Expenses, Closing Stock etc.

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