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P1 C1 Accounting and Its Terminology — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C1 Accounting and Its Terminology1 Mark
Question
State the types of assets.
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Answer

Mainly we have two types of assets. $(1)$ Real assets, $(2)$ Fictitious assets. Real assets have two types : $(1)$ Permanent assets, $(2)$ Current assets.

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