Question

define assets.......!¡
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Answer 1

Answer:

Accha......

An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. Assets are reported on a company's balance sheet and are bought or created to increase a firm's value or benefit the firm's operations. An asset can be thought of as something that, in the future, can generate cash flow, reduce expenses, or improve sales, regardless of whether it's manufacturing equipment or a patent.

Answer 2

Answer:

In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything that can be utilized to produce value and that is held by an economic entity and that could produce positive economic value.