BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -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.

Detailed explanation-2: -An asset is anything that can be owned or controlled and generates-or will generate-an economic benefit.

Detailed explanation-3: -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.

Detailed explanation-4: -A business asset is an item of value owned by a company. Business assets span many categories. They can be physical, tangible goods, such as vehicles, real estate, computers, office furniture, and other fixtures, or intangible items, such as intellectual property.

Detailed explanation-5: -Justification for correct answer: Assets are the properties owned and controlled by the businesses to generate income for the company.