What do you mean by an asset and what are different types of assets? - Introdution to Accounting

Any important thing which has financial worth and claimed by a business, is its resource. All in all, resources are the money related upsides of the
What do you mean by an asset and what are different types of assets?








Any important thing which has financial worth and claimed by a business, is its resource. All in all, resources are the money related upsides of the properties or the legitimate privileges that are possessed by the business associations.

There is many types of assets in a firm or business organisation, those are describing in below:

Fixed Assets: These are those resources that are hold as long as possible and increment the benefit acquiring limit and useful limit of the business. These resources are not implied available to be purchased, for instance, land, building apparatus, and so on

Current Assets: Assets that can be effectively changed over into money or money counterparts are named as current resources. These are needed to run everyday business exercises; for instance, cash, account holders, stock, and so on

Tangible Assets: Assets that have actual presence, i.e., which can be seen and contacted, are unmistakable resources; for instance, vehicle, furniture, building, and so forth

Intengible Assets: Assets that can't be seen or contacted, for example those resources that don't have actual presence, are elusive resources; for instance, altruism, licenses, exchange mark, and so on

Liquid or Fluid Assets: Assets that are kept either in real money or money reciprocals are viewed as fluid resources. These can be changed over into cash in an exceptionally brief timeframe; for instance, cash, bank, bills receivable,Flexible Investments and so forth

Fictitious Assets: These are the weighty income consumptions, the advantage of whose can be inferred in over one year.



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