ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Cash and cash equivalents, certificates of deposit, checking, and savings accounts, money market accounts, physical cash, Treasury bills. Property or land and any structure that is permanently attached to it. More items

Detailed explanation-2: -An asset is anything you own that adds financial value, as opposed to a liability, which is money you owe. Examples of personal assets include: Your home. Other property, such as a rental house or commercial property. Checking/savings account.

Detailed explanation-3: -Common types of assets include current, non-current, physical, intangible, operating, and non-operating.

Detailed explanation-4: -Assets can be broadly categorized into current (or short-term) assets, fixed assets, financial investments, and intangible assets.

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).