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Standard XII
Accountancy
Question

Motor is ____________.
  1. Current Asset
  2. Fictitious asset
  3. Tangible asset
  4. Intangible asset.

A
Current Asset
B
Fictitious asset
C
Tangible asset
D
Intangible asset.
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Solution
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A motor car is a tangible asset. A tangible asset is that fixed asset which can be touched, felt, seen basically it has a physical form/existence.

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