New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    Which of the following is most likely an essential characteristic of an asset?

    A An asset is tangible Correct Answer Incorrect Answer
    B An asset is obtained at a cost Correct Answer Incorrect Answer
    C An asset provides future-benefits Correct Answer Incorrect Answer
    D An asset can be sold Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    An asset should provide future benefits in the life tenure of a company.

    Practice Next