Fixed Assets
Fixed asset is a long-term tangible asset used in business operations that aren’t expected to be sold within a year. Examples include buildings, machinery, vehicles, and equipment. Fixed assets are depreciated over their useful lives and appear on the balance sheet as non-current assets.
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Finance Charge
The total cost incurred for borrowing money or using credit. It includes interest, service fees, and other related costs. In…
Fixed Deposit
A financial instrument offered by banks where a sum of money is invested for a fixed term at a predetermined…
Foreign Exchange Gain or Loss
The financial impact resulting from changes in currency exchange rates during international transactions. When exchange rates fluctuate between the transaction…
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