List Two Types of Authorization Required in the Fixed Asset

question 45

Essay

List two types of authorization required in the Fixed Asset System.

---

Definitions:

Bullion

Precious metal in the form of bars or ingots, primarily gold or silver, traded on commodity markets.

London Noon

Refers to the time in London when certain financial rates, like the gold fixing, are traditionally set, influencing various economic sectors globally.

Gold Spot Price

The current market price at which gold can be bought or sold for immediate delivery.

Defect Of Title

A legal issue with the ownership rights of property or real estate, making the transfer of a clear title to the property problematic.