MANAGEMENT

BUISENESS MANAGEMENT

BUSINESS PLANNING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is known as something you own.
A
Liabilities
B
Assets
C
Net worth
D
Gross income
Explanation: 

Detailed explanation-1: -Personal assets are things of present or future value owned by an individual or household. Common examples of personal assets include: Cash and cash equivalents, certificates of deposit, checking, and savings accounts, money market accounts, physical cash, Treasury bills.

Detailed explanation-2: -Learn more about what assets and liabilities are, why they matter and how to calculate your net worth. Assets are things you own that have value. Assets can include things like property, cash, investments, jewelry, art and collectibles. Liabilities are things that are owed, like debts.

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

Detailed explanation-4: -Some examples of asset accounts include Cash, Accounts Receivable, Inventory, Prepaid Expenses, Investments, Buildings, Equipment, Vehicles, Goodwill, and many more.

There is 1 question to complete.