Difference between revisions of "Assets"
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[[Assets]] are resources of particular value such as cash, supplies, equipment, [[accounts receivable]], or land that are owned by an [[organization]]. ''Assets'' can also refer to a group of [[financial account]]s that record those resources. | [[Assets]] are resources of particular value such as cash, supplies, equipment, [[accounts receivable]], or land that are owned by an [[organization]]. ''Assets'' can also refer to a group of [[financial account]]s that record those resources. | ||
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| + | ==Definitions== | ||
| + | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| + | :[[Assets]]. A discrepancy between the current state of affairs and some desired state. | ||
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| + | ==Related concepts== | ||
| + | *[[Solution]]. Someone or something that meets a [[business need]] by resolving a [[problem]] or allowing an enterprise to take advantage of a [[business opportunity]]. | ||
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| + | ==Related coursework== | ||
| + | *[[Bookkeeping Quarter]]. | ||
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| + | [[Category: Septem Artes Administrativi]][[Category: Articles]] | ||
Revision as of 11:32, 15 December 2018
Assets are resources of particular value such as cash, supplies, equipment, accounts receivable, or land that are owned by an organization. Assets can also refer to a group of financial accounts that record those resources.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Assets. A discrepancy between the current state of affairs and some desired state.
Related concepts
- Solution. Someone or something that meets a business need by resolving a problem or allowing an enterprise to take advantage of a business opportunity.
