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Fixed asset #Difference between Stock and Fixed Assets

Asset held with the intention of being used for the purpose of producing or providing goods or services and is NOT held for sale in the normal course of business.

Example- 

Tractor is an asset for Individual Farmer but become a Stock for Tractor manufacturer or retailer.

Tractor is an asset for Individual Farmer- intention of being used for the purpose of producing or providing goods or services

Stock for Tractor manufacturer or retailer- held for sale in the normal course of business.

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