Definitions (2)
Accounting: Something that an entity has acquired or purchased, and that has money value (its cost, book value, market value, or residual value). An asset can be (1) something physical, such as cash, machinery, inventory, land and building, (2) an enforceable claim against others, such as accounts receivable, (3) right, such as copyright, patent, trademark, or (4) an assumption, such as goodwill.
Assets shown on their owner's balance sheet are usually classified according to the ease with which they can be converted into cash. See also intangible assets and tangible assets.
Articles related to 'asset'
Business Tips
1. Plan for the worst - One of the very first things you should think about is a buy/sell agreement. Essentially this is a discussion of what will happen if someone wants out. How assets, liabilities, ... Read more
More Tips
Questions related to 'asset'
- in respect of calculating net asset value is the value intangible and goodwill deductible to arrive at the final value.
- Explain accounting treatment for exchange difference relating to fixed assets purchased out of loan taken in foreign currency?
- why loss is treated as intangible asset?
- IS cash in bank an asset?
- capital work in progress and intangible assets include in operating assets or not?
Related Videos
http://www.businessdictionary.com/definition/asset.html
