Difference between revisions of "Assets"
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==Definitions== | ==Definitions== | ||
According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| − | :[[Assets]]. | + | :[[Assets]]. Properties (resources) of value such as cash, supplies, equipment, or land owned by an [[organization]]. |
==Related concepts== | ==Related concepts== | ||
Revision as of 11:34, 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. Properties (resources) of value such as cash, supplies, equipment, or land owned by an organization.
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.
