ECONOMICS

Detailed explanation-1: -Assets are things you own that you can sell for money. In accounting, an asset is any resource that a business owns or controls. It’s anything that could be sold for money. The study of a balance sheet and assets and liabilities helps us to ascertain the equity value.

Detailed explanation-2: -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-3: -An asset ownership or interest document is a legal document that acts as evidence of your company’s ownership of an asset including real estate, machinery, intellectual property (IP) rights and office buildings.

Detailed explanation-4: -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-5: -The limited company structure means your business is a separate entity in law, and unlike sole trader businesses, its assets belong to the company rather than you personally. This clear separation means that, in most instances, you are only liable for the amount of money you have invested in the company.