Question

State the Meaning of the term 'Asset' with example
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Answer 1

Answer:

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Explanation:

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:

Asset is a noun and us plural.

Explanation:

something or someone of any value;

any portion of one's property or effects so considered.