The term purchase is used for purchase of goods only but not for purchase of---------.
Answers
Answer:
assets is the right answer
Answer:
The term purchase is used for purchase of goods only but not for purchase of Assets.
Explanation:
What is meant by assets?
An asset is a resource with economic value that a person, company, or nation owns or manages in the anticipation that it may one day be valuable. The balance sheet of a business lists assets. They are acquired or produced in order to raise a company's value or improve the operations of the company.
An asset is something that will or already has economic value to a business. In essence, assets for businesses are any things that are under the company's control and ownership and are either currently valuable or have the potential to be profitable in the future. Examples include investments, equipment, and patents.
To learn more about asset refer to :
https://brainly.in/question/5156979
https://brainly.in/question/901812
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