1.Meaning of Assets
Basic Meaning :- A useful or a valueable thing.
Accounting meaning:- Something that an entity had acquired or purchased and that has some money value.
Examples:-
1.Physical Assets:- cash, Machinery, Inventory, Land & Building.
2.Acknowledgement:- Bill Receivable
3.Right:-Copyright, Patent, Trademark, Geographical Location Rights etc.
Basic Meaning of Assets & Accounting Meaning of Assets.
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