what is defination of assets
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▶ Question : What is the definition of assets?
⏩ Answer : Assets is an item property owned by a person or company regarded as having value and available to meet debts, commitments or legacies.
➡ In financial accounting, an asset is an economic resource. Anything tangible or intangible that can be controlled to produce value and that is held by a company to produce positive economy is an assets. Assets are shown in the balance sheet which increase the value of the firm.
✔ Hope it may helps u ...!!! ☺
▶ Question : What is the definition of assets?
⏩ Answer : Assets is an item property owned by a person or company regarded as having value and available to meet debts, commitments or legacies.
➡ In financial accounting, an asset is an economic resource. Anything tangible or intangible that can be controlled to produce value and that is held by a company to produce positive economy is an assets. Assets are shown in the balance sheet which increase the value of the firm.
✔ Hope it may helps u ...!!! ☺
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Plz mark it as brainliest if it is understandable nd helps u..!!! ☺
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