Assets
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.
