MANAGEMENT

Detailed explanation-1: -The general meaning of asset is an item of property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies. An asset is an economic resource.

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: -Assets: a useful or valuable aspect, regarded as having value and available to meet debts, commitments, or legacies. Bureaucracy: a system of government in which most of the important decisions are made by state officials rather than by elected representatives.

Detailed explanation-4: -Everything your business owns is an asset-cash, equipment, inventory, and investments. Liabilities are what your business owes others. Have you taken a business loan or borrowed money from a friend? Those are liabilities.

Detailed explanation-5: -Word forms: assets Something or someone that is an asset is considered useful or helps a person or organization to be successful. Our creativity in the field of technology is our greatest asset. plural noun. The assets of a company or a person are all the things that they own.