MANAGEMENT

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.

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: -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-5: -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.