Which One of the Following Is a Tangible Fixed Asset

question 110

Multiple Choice

Which one of the following is a tangible fixed asset?

• A)cash
• B)equipment
• C)accounts receivable
• D)right
• E)inventory

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Definitions:

Cash Disbursements

Financial transactions involving the outflow of cash, typically from an entity to vendors or employees, for expenses or purchases.

Beginning Cash Balance

The Beginning Cash Balance is the amount of cash that a company has at the start of a new accounting period, carried over from the end of the previous period.

Cash Disbursements

Money being paid out by a company during a period, including expenses, debt payments, and purchase of assets, usually tracked through a cash disbursements journal.

Materials Purchases

The total cost of raw materials bought by a company for use in its manufacturing process during a specific period.