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What is the primary purpose of fixed asset management in organizations?
  • a)
    To maximize profits
  • b)
    To track employee performance
  • c)
    To prevent theft
  • d)
    To track and manage fixed assets for financial accounting and maintenance purposes
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What is the primary purpose of fixed asset management in organizations...
Fixed asset management primarily aims to track and manage fixed assets for financial accounting, preventive maintenance, and theft deterrence. It helps organizations maintain control over their assets, understand their depreciation, and ensure they are in good condition for efficient operations.
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What is the primary purpose of fixed asset management in organizations?a)To maximize profitsb)To track employee performancec)To prevent theftd)To track and manage fixed assets for financial accounting and maintenance purposesCorrect answer is option 'D'. Can you explain this answer? for B Com 2025 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the primary purpose of fixed asset management in organizations?a)To maximize profitsb)To track employee performancec)To prevent theftd)To track and manage fixed assets for financial accounting and maintenance purposesCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the primary purpose of fixed asset management in organizations?a)To maximize profitsb)To track employee performancec)To prevent theftd)To track and manage fixed assets for financial accounting and maintenance purposesCorrect answer is option 'D'. Can you explain this answer?.
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