Assets
- Monday, November 10, 2008, 6:10
- Finance
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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.
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