MANAGEMENT

Detailed explanation-1: -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: -Business assets are items of value that your business owns, creates or benefits from. Assets can range from cash, raw materials and stock, to office equipment, buildings and intellectual property.

Detailed explanation-3: -A balance sheet is a financial statement that lists business or personal assets, equity and liabilities. While assets are items a company owns, liabilities are what a company may owe.

Detailed explanation-4: -Asset valuation is the process of determining the current value of a company’s assets, such as stocks, buildings, equipment, brands, goodwill, etc. This process often happens as part of a wider business valuation, or before you buy, sell or insure an asset.