Difference between revisions of "Assets"
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| − | [[Assets]] are resources of | + | [[Assets]] are items, properties, and resources of value owned by an organization. Assets are found on the balance sheet and include cash in the bank accounts, cash in [[petty cash]] box, [[account receivable|accounts receivable]], equipment, land and buildings, vehicles, etc. |
==Definitions== | ==Definitions== | ||
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==Related concepts== | ==Related concepts== | ||
| − | *[[ | + | *[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws. |
==Related coursework== | ==Related coursework== | ||
Revision as of 11:38, 15 December 2018
Assets are items, properties, and resources of value owned by an organization. Assets are found on the balance sheet and include cash in the bank accounts, cash in petty cash box, accounts receivable, equipment, land and buildings, vehicles, etc.
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
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
