Accountancy, asked by roosey12, 16 hours ago

what are assets and what are its uses in firm?
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class 11

Answers

Answered by Kritee35
4

Answer:

An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. Assets are reported on a company's balance sheet and are bought or created to increase a firm's value or benefit the firm's operations.

Explanation:

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