Accounts of fixed assets are kept in the

Fixed assets are long-term assets that a company owns and uses to generate revenue over several years. These assets, such as buildings, machinery, and equipment, are not meant for resale but rather are essential for a company's operations. To keep track of these fixed assets, companies maintain a separate account for each asset in the general ledger. The general ledger is the primary ledger that contains all the financial transactions of a company. Each fixed asset account in the general ledger tracks the original cost of the asset, any subsequent improvements or upgrades made to the asset, and the accumulated depreciation (i.e., decrease in value) over time. Therefore, the correct answer is the general ledger. The other options, such as the purchases ledger, sales ledger, and private ledger, are not used to record fixed assets. The purchases ledger tracks purchases made on credit, the sales ledger tracks sales made on credit, and the private ledger is a subsidiary ledger that contains more detailed information about certain accounts in the general ledger.