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What are assests |
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Answer» Assets are any resources that are owned by a business. (Any resources means har vo cheez ko business ki property hai ex goods building Machine land equipment.) Any valuable thing which has monetary value and owned by a business, is its asset. In other words, assets are the monetary values of the properties or the legal rights that are owned by the business organisations.Fixed Assets− These are those assets that are hold for the long term and increase the profit earning capacity and productive capacity of the business. These assets are not meant for sale, for example, land, building machinery, etc.Current Assets− Assets that can be easily converted into cash or cash equivalents are termed as current assets. These are required to run day to day business activities; for example, cash, debtors, stock, etc. In simple words, assets refers to the property that is owned by an enterprise or a firm. |
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