Fixed Assets are held by business organization for (a) Creating NPAs (b) Generating Income (c) - (b) Generating Income Description: The fixed asset are the long term asset which remain with the business for longer duration so they sustain good profit for a business. Thus we can say that fixed assets are held by business organization for generating income. - Journal Entries Interview Questions and Answers

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Question: Fixed Assets are held by business organization for

(a) Creating NPAs
(b) Generating Income
(c) Making Payments
(d) None of the Above

Answer: (b) Generating Income
Description: The fixed asset are the long term asset which remain with the business for longer duration so they sustain good profit for a business. Thus we can say that fixed assets are held by business organization for generating income.

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Question: Fixed Assets are held by business organization for

(a) Creating NPAs
(b) Generating Income
(c) Making Payments
(d) None of the Above

Answer:

(b) Generating Income
Description: The fixed asset are the long term asset which remain with the business for longer duration so they sustain good profit for a business. Thus we can say that fixed assets are held by business organization for generating income. Source: CoolInterview.com

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