Interested to Buy Any Domain ? << Click Here >> for more details...
what is an assets?
- 6 Answers
- 13334 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 |
hi every one i just want to know the entry for bank charges dt 31.3.2016 which deducted on 02.04.2016 kindly help me thank you raj
what is the meaning of deferred revenue ? give me some examples
Features of Fixed Capital
What is the TDS rate in Maharastra, Tamil Nadu, Karnakata,Odisha & West Bengal. What is about Profession Tax.
What is the types of Accounting Method
Can any one tell me about Accounting Software, which Accounting software is useful for my studies ?
Entry of vehicle loan paid some margin money and other amount financed by bank and repayment of bank loan?
have you ever been involved in an invoice dispute? How did you manage the problem?
Do you know what is the importance of team work in this position?
What is accrual concept?
what is the meaing of Purely Temporary Erections as per income tax act
What are document required by the bank to make payment for debit memo (Import). if we have allready made payment for orignal bill.
Audit 
