Question

1,1. What is a Fixed Asset Register.Explain how this document assists

management in keeping internal control over fixed assets. (4)​

Answer 1

A fixed asset register is a detailed list of all fixed assets which are owned by a business. Its main purpose is to enable an organization to accurately record and maintain both financial and non-financial information pertaining to each asset and to easily identify and verify an asset when required.

Step-by-step explanation: