question archive Assets which have physical existence are called: Select one: : O a
Assets which have physical existence are called: Select one: : O a
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Assets which have physical existence are called: Select one: : O a. Tangible assets b. Intangible assets O c. Fictitious assets d. Contingent assets
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Answer:- Option a): Tangible Assets
Explanation:- Tangible assets are those which have the physical existence, these assets can be seen and touched. So, a tangible asset is an asset that is physical in nature. Examples of tangible assets are Land & Building, Plant & Machinery, Furniture etc.
