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Tangible asset

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(Querist)
09 January 2015 how accounts receivable and bank are tangible assets?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
09 January 2015 Accounrs receivables are those person from whom you have to collect money like debtors which are tangible and can be seen.

Bank is your money saved and retained in your account which can be seen in your pass book or bank statment hence both are tangible assets.
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