Asset 1
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- Words: 200
- Pages: 10
Aurangzaib 05108112
11/14/08
1
Asset
Any item of economic value owned by an individual or corporation, especially that which could be converted to cash. Examples are cash, securities, accounts receivable, inventory, office equipment, real estate, a car, and other property.
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Types of Assets From an accounting perspective, assets are divided into following categories. Current asset:
A balance sheet item which equals the sum of cash and cash equivalents, accounts receivables ,inventory, marketable securities, prepaid expenses, and other assets that could be converted to cash in less than 11/14/08 4 one year.
Types of Assets
Non Current Assets:An asset which is not easily convertible to cash or not expected to become cash within the next year. Long term Assets:On a balance sheet, the value of a company's property, equipment and other capital asset expected to be useable for more than one year, minus depreciation
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Types of Assets Long term assets Tangible assets Intangible assets
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Types of Assets Fixed Asset Capital Asset Other Types
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Assets Brand Good will
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Assets Stock Cash and Bank balances
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9
11/14/08
10
11/14/08
1
Asset
Any item of economic value owned by an individual or corporation, especially that which could be converted to cash. Examples are cash, securities, accounts receivable, inventory, office equipment, real estate, a car, and other property.
11/14/08
3
Types of Assets From an accounting perspective, assets are divided into following categories. Current asset:
A balance sheet item which equals the sum of cash and cash equivalents, accounts receivables ,inventory, marketable securities, prepaid expenses, and other assets that could be converted to cash in less than 11/14/08 4 one year.
Types of Assets
Non Current Assets:An asset which is not easily convertible to cash or not expected to become cash within the next year. Long term Assets:On a balance sheet, the value of a company's property, equipment and other capital asset expected to be useable for more than one year, minus depreciation
11/14/08
5
Types of Assets Long term assets Tangible assets Intangible assets
11/14/08
6
Types of Assets Fixed Asset Capital Asset Other Types
11/14/08
7
Assets Brand Good will
11/14/08
8
Assets Stock Cash and Bank balances
11/14/08
9
11/14/08
10
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