Interested to Buy Any Domain ? << Click Here >> for more details...
what is an assets?
- 6 Answers
- 13050 Views
- WNS, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / deepak kumar sharma
Any item of economic value owned by an individual or
corporation, especially that which could be converted to
cash. Examples are cash, securities, accounts receivable,
inventory, office equipment, real estate, a car, and other
property.
A balance sheet item representing what a firm owns.
On a balance sheet, assets are equal to the sum of
liabilities, common stock, preferred stock, and retained
earnings. From an accounting perspective, assets are
divided into the following categories: current assets (cash
and other liquid items), long-term assets (real estate,
plant, equipment), prepaid and deferred assets
(expenditures for future costs such as insurance, rent,
interest), and intangible assets (trademarks, patents,
copyrights, goodwill).
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / pvinay0910
Assets refers to any property or things owned by a business
concerning including amounts due to it from others.
Ex- land & buildings, machinery.
pvinay0910@gmail.com
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / manish
assets is thing which is use in business for long term
| Is This Answer Correct ? | 2 Yes | 0 No |
My dear to answer simply , Assets represent ownership of
value that can be converted into cash To know more about
the subjectand new things pl visit my favorite site
http://www.therealaccountants.com
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / chandu
asset is an expenditure, which gives long term benfit to
the business.
any expenditure which gives benfit to the business more
than one financial year is called assest.
| Is This Answer Correct ? | 5 Yes | 5 No |
Answer / prasanna
Assets means the company owned something.. Like goods,
rawmaterial.
Two kind of assets is there
1. Current asset.-land machinery etc
2. Fixed asset.-Debtors,cash,Bank etc
| Is This Answer Correct ? | 1 Yes | 15 No |
how to pass journal entry for credit card a/c in tally erp 9 How to generate in tally erp9 for credit card account new
what is contingent liabilty, how it shows in balance sheet?
If We Paid 15000/- For Advertising Exp To XYZ Co,What IS The Entry And In which Ledger It Entered? Is It Necessanry To Make 2nd Entry? Plz Discribe All.
what is capital employed?
What is Accounts Recivable & Payble???
What is diffrence between direct & Indirect Exp.
What is Rectification of Errors and types of errors?
Under what type of account do the unearned revenues fall?
I select in Vendor Master - in defualt data material - Purchasing Group as a Subcontractor but how to get report or list only Subcontractor Vendor Master in sap?
What is the entry for bank guarantee,
7 Answers Karadi Path, Levtech Consulting,
Contents of an Invoice receipt
does deposit fall under current assets ?
Audit 
