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What are assests ?

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What are assests ?

Posted by Chahal Sharma 5 years, 4 months ago

CBSE > Class 11 > Business Studies

1 answers

Meghna Thapar 5 years, 4 months ago

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. Examples of assets include: Cash and cash equivalents. Inventory. It is often deemed the most illiquid of all current assets - thus, it is excluded from the numerator in the quick ratio calculation.

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