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What is difference between fixed charge …

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What is difference between fixed charge and floating charge??

Posted by Bhavya Nagpal 6 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Yogita Ingle 6 years, 11 months ago

Fixed charge	Floating charge
Fixed charge refers to a charge that can be ascertained with a specific asset, while creating it.	Floating charge refers to a charge that is created on the assets of circulatory nature.
The company has no right to deal with the property, but subject to certain exceptions.	The company can use or deal with asset, until crystallization.
Registration of charge Voluntary	Registration of charge Compulsory

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