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Fixed Assets schedule is prepared for preparing periodical Accounts and also reconcile with Accounts to confirm its accuracy. Fixed assets schedule will be updated by purchase, damage, lost and transfer time to time considering transaction. But it is not possible to confirm physical quantity with fixed assets schedule in all period due to need extra time, employee and also cost. Considering all, need to make Quarterly /half Yearly/ Yearly plan to confirm physical verification with Fixed Assets schedule and will ensure accurateness accordingly.
