Assets

AssetsAssets is owned by a company or a person. Property are listed on a company’s balance sheet and include tangible things like inventory, equipment, and property as well as intangible items such as property rights or goodwill. Compare the liability. See different type of asset  current asset, intangible asset, tangible asset.

Money or an property likely to be transformed in to money (cash) within 1 year. In addition to money, current assets consist of valuable securities, accounts receivable, inventory, and pre-paid expenditures. Current assets are generally not to profitable but tend to add liquidity and security to a company’s operation. Also known as  gross working capital

intangible asset like a goodwill, patent right, or mining claim which has not any physical properties. Because intangible property are usually hard to value correctly, this kind of assets when incorporated on a company balance sheet may have a true worth considerably different from the dollar amounts mentioned there. Compare tangible asset.

Assets share

An asset whose value depends on particular physical properties called as a tangible asset. Equipment, cash,  plant, machinery,property everything which has long-term physical presence or is actually purchased for utilize in the functions of the company and not for selling to clients.Tangible assets, not like intangible assets, may be damaged simply by fire, typhoon, or other unfortunate occurances or accidents.

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