Question

Is asset our personal or not ?Give reason​

Answer 1

Answer:

Assets are persons or things that can produce value. People can be assets because of the value they bring to a relationship or organization. Things which are assets have value for the owner because they can be converted into cash. Cash on hand is also considered an asset...

Answer 2

Answer:

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Explanation:

an asset is an object or person that causes an increase in value to the business. assets are divided into current assets and non current assets. these are personal as the company owns them .

examples of non current assets :

-motor vehicles

- land and building

- premises

examples of current assets

- cash in hand

- trade receivables

- closing inventory

also goodwill is a non current asset

hope this helps

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