What is assets?
Hello my friends brother l am mr. Roy, Assets Guru.
Financial advisor and I always bring solution to your financial problems in this blog assets guru.
In business, we often hear about assets. And today we will know that what are assets? And what are these types? And you read this blog completely and understand all types of assets i.e. Assets very well.
An asset is anything of value or a resource of value that can be converted into cash. Individuals, companies, and governments own assets. For a company, an asset might generate revenue, or a company might benefit in some way from owning or using the asset
Let us first know what an asset is? Friends, such a thing from which financial benefits can be found or will be available in future. There can be many types of assets for the company or any person like -
Cash, Building, Factory, Land, Bond, Investment, Patent etc.
Friends property means that there are mainly two types
1. Current assets or short term assets
2. Fixed assets or long term assets
1. what is Current assets?
# Such assets that the person or company will use within a year or will be converted into cash.
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1 Short term investment - Such investment which will be withdrawn by individuals or companies within a year.
2. Bill Received - Which is to be received by the company or person in this year. To whom they have sold the goods in the rest.
3. Business goods, or inventory - which are to be sold by the business or company in the same year.
4. Short term loans and advances - i.e. advance payment made by the company for any service or product.
2. What is Fixed Assets?
Property to be dealt with by individuals or companies for more than one year.
Like =
Company's land, house, furniture & fiction, machine, vehicle, long term investment, public bond etc.
Generally divides the property into these two categories.
But sometimes the company divides the assets in two other ways.
On the basis of the existence of Physical like -
1. Tangiable assets
2. Intangibles assets
1. What is Tangiable Assets?
Tangible assets are called those which have a physical existence. That is, the assets that we can touch.
like : -
-Company's
- land house
-factory machine
- cash
- furniture
-inventory
etc.
2. What is Intangibles assets?
Intangible assets are those which we cannot touch, which do not have physical existence.
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