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Determine the fixed assets?

Use the information below to answer questions.
(i) Cash at bank
(ii) Cash in hand
(iii) Premises
(iv) Land
(v)Creditors
(vi)loan from friends/bank.
Determine the fixed assets?
  • A.
    i and v
  • B.
    ii and iv
  • C.
    ii and vi
  • D.
    iii and iv
Correct Answer: Option D
Explanation