--%>
Assignment Help - homework help

Define the term Assets

Define the term Assets in Accounting?

E

Expert

Verified

Assets: Resources of business are termed as assets. Anything that is purchased by industry or company for the aim of employing in business will be assets. Whenever we make financial statements of company, it is displayed in balance sheet. We illustrate all assets with their book value in balance sheet. Assets are classified into current assets and fixed assets. Depreciation is deducted only from the fixed assets. Assets can as well be classified on the basis of their physical presence. All assets that can be touched will be tangible assets and all assets that can’t be touched and we can just take their advantages in market place, all such assets will be intangible assets.

   Related Questions in Financial Accounting

  • Q : French Association of Private Companies

    In the year 1995, working group of the French chief executive officers was formed by the Confederation of French Industry (CNPF) and the French Association of Private Companies (AFEP) for studying the structure of the French corporate governance. Group has reported th

    		•
  • Q : Leadership qualities required for

    Question Can one person in an organization make a difference? Write an essay on the leadership qualities required for running modern organizations <

    		•
  • Q : Essay-People Dependent on technology

    PEOPLE DEPENDENT ON TECHNOLOGY TOO MUCH: Science has developed tremendously in past few years and with the development of science many technologies have entered this world. Today everything is being done with the h

    		•
  • Q : Fundamenetal Issues on Management

    1.  Somerset Ltd manufactures components for the motor industry. In one of its workshops it has three workers, Joe, Jack and Jonny, who at any one time work on batches of the same component. The standard time allowed to produce one unit is one hour. The workers rate of pay is

    		•
  • Q : What is Internal Communication Internal

    Internal Communication: Employee or Organizational Communication refers to the phenomenon of interaction among employees that exist in organizations. In other words, it could also be termed as Internal Communications.

    Q : Contingent Liabilities Explain the term

    Explain the term Contingent Liabilities?

    		•
  • Q : Security returns Security returns are

    Security returns are found to be less correlated across various countries rather than within the country. Explain Why?

    		•
  • Q : Write a Matlab function Fourbar Write a

    Write a Matlab function Fourbar (r1,r2,r3,r4,theta,speed) that animates three cycles of a fourbar linkage having link lengths r1, r2, r3, r4. The function first checks to ensure the mechanism isGrashof (including the change-point c

    		•
  • Q : Why cash is so important Why cash is so

    Why cash is so important? Illustrate it.

    		•
  • Q : Explain Discount Briefly explain the

    Briefly explain the term Discount and also describe their important types?

    		•