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