I want to know what is assets?
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Assets are the valuable particulars of any organization. They can have some monetary value to a firm. In case of need they can be used either to generate value or sold to raise cash. Such as money and furniture
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The general meaning of an
asset is a useful or valuable thing or person.
In terms of business it is an item of property owned by a person or company, which has value and is suitable to meet debts or commitments.
It is a resource with economic value which an individual, corporation or country possesses or controls with the hope of gaining benefit in the future. Assets are mentioned in a company's balance sheet, and are bought or created to increase the value of a firm or benefit the firm's operations.
In terms of business it is an item of property owned by a person or company, which has value and is suitable to meet debts or commitments.
It is a resource with economic value which an individual, corporation or country possesses or controls with the hope of gaining benefit in the future. Assets are mentioned in a company's balance sheet, and are bought or created to increase the value of a firm or benefit the firm's operations.
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