BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Anything of value that is owned is called an ASSET. Assets have value because they can be used to acquire other assets or be used to operate a business. Financial rights to the assets of a business are called EQUITIES. A business has 2 types of equities: (1) Equity of those to whom money is owed.

Detailed explanation-2: -Net worth is the value of the assets a person or corporation owns, minus the liabilities they owe. It is an important metric to gauge a company’s health, providing a useful snapshot of its current financial position.

Detailed explanation-3: -An asset is anything that has current or future economic value to a business. Essentially, for businesses, assets include everything controlled and owned by the company that’s currently valuable or could provide monetary benefit in the future.

Detailed explanation-4: -Asset valuation is the process of determining the fair market value of an asset. Asset valuation often consists of both subjective and objective measurements. Net asset value is the book value of tangible assets, less intangible assets and liabilities.

Detailed explanation-5: -In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).