property of any kind owned by businessmen is called an..........options 1)Liability 2)Assets 3)Profit 4)Loss. give answer of this question
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Answer:
Assets
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Property of any kind owned by businessmen is called an (2) Assets.
Explanation:
- An asset is a source of economical value that is controlled or owned by a private or individual, corporation or country with the expectation of providing future benefits.
- Assets are stated in a companies balance sheet and are purchased or created to increase the value of the company or to benefit the companies operations.
- An asset can create cash flow in the future, reduce costs or improve sales, whether it is a production device or a patent.
- Assets can be classified as fixed (long-term) assets, current (short-term) assets, intangible assets and financial investments.
- Assets are essential because it is used to increase the value of your business, increase revenue and help run your business.
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