Can pvt. ltd. co. have no fixed assets

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Article Assisstant
156 Points Posted on 23 July 2013

Can a Pvt. Ltd. Co. starts its business operation with No fixed assets in its books of Accounts?

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On 23 July 2013 at 17:04 Report
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Executice Accounts
36 Points Posted on 25 July 2013

Anik Sen

 

Yes, it is possible for a company to not own any fixed assets and istead use fixed assets on lease or rent.

 

Regards

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On 25 July 2013 at 17:05

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