Accountancy, asked by RehanAhmadXLX6851, 11 months ago

What do you mean by an asset and what are different types of assets?

Answers

Answered by MrPrinceX
11

Hy here is your Ans...

  • What do you mean by an asset and what are different types of assets? ... These assets are not meant for sale, for example, land, building machinery, etc. Current Assets− Assets that can be easily converted into cash or cash equivalents are termed as current assets.
Answered by amani11
72

Answer:

Definition↙️↙️

Assets are the resources which have economic value. These are owned with that motive that give benefit in future.

Types of Assets ↙️↙️

Fixed Assets

Current Assets

Non-Current Assets

HOPE THIS HELPS YOU❣️❣️✔️✔️✌️✌️

Similar questions