Assets
- Monday, November 10, 2008, 6:10
- Finance
- 517 views
- Add a comment
Assets
Something that have value is called assets, assets are the resources such as land,building,furniture.
assets are futher divided into two types.
1- Tangible Assets
2- Intangible assets
Tangible Assets - Aseets which pysically exisit and we can see and touch it are the tangible assets. For example - Land,building,cars,furnitures,computers etc.
Tangible Assets are further divided into two parts.
Current Assets - Assets can be easily converted into cash within a year called current assets.E,g, Gold,Inventory,bonds etc
Non-Current Assets - Assets can’t be converted into cash withing a year called non-current assets .E.g land,buidlign etc
Intangible Assets - Assets without physical exisitence are called Intangible assets. For example, goodwill,brand image
of the company.
About the Author
Related Tutorials & Articles
Liquidity ratios A liquidity ratio is a useful tool to determine the company short term financing position. The higher the value indicates company better liquidity position in other words company assets are valuable and can easily converted into cash. Most common liquidity ratios are current ration quick ratio. Current Ratio - Current Assets/current Liabilities The current ratio derives...Read more
Accounting Equation The general form of accounting equation is , Assets = Liabilties + Owner Equity It can be transform to find the capital or owner equity, Owner Equity = Assets - Liabilities Same for the liabilities, Liabilities = Assets - Owner Equity Share this tutorial: ...Read more
It is the measurement,communicating and interpreting financial activity. Accounting is also widely referred as a “language of business”. There are five type of accounts in accounting are assets,liabilities,owner equity(Capital),expense and revenues. These accounts are the pillars of accounting all the debit and credit transaction are performed on these accounts. Share this tutorial: ...Read more
Cost accounting is the process of tracking cost of products and services produce by the company. Cost accounting calculate the cost of labor,material and factory overhead to determine the cost of goods and services. Manger use cost accounting to support decision making to reduce a company’s cost and improve its profitability. Cost account don’t need...Read more
Write a Comment
Gravatars are small images that can show your personality. You can get your gravatar for free today!























