what is an assets?
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In financial accounting, an asset is any resource owned by a business or an economic entity. It is anything that can be owned or controlled to produce value and that is held by an economic entity and that could produce positive economic value.
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HELLO BUDDY HERE UR ANSWER
A resource owned by a business entity that can be expressed in term of money and provides future economic benefits to the business entity.
Assets are divide on three basis
1) Current assets
2) Non - current assets
a) Tangible
b) Intangible
3) Fictitious ( Nominal ) Assets
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