What Type Of Property is Money ?

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                                   Navigating the Six Types of Commercial Property | RESHEETS

What Type Of Property is Money ?

Money is a Movable property .


Is money considered property ?

Personal property, also referred to as movable property, is anything other than land that can be the subject of ownership, including stocks, money, notes, Patents, and copyrights, as well as intangible property . 


Is money a tangible property ?

Money is tangible property. Tangible property refers to any physical possession that can be held and managed, including real and personal property. On a balance sheet , cash assets are classified as tangible property and are booked accordingly, generally under current assets.


Is money movable property ?

 While movable can be moved like, car, gold, money, book, pen etc. Any property that can be moved from one place to other can be termed as moveable property . The term immoveable property has been defined under the transfer of property Act and it does not includes timber, standing crops and grass. 





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