Shift in assets
Shift in assets is a shift that occurs when the composition of the assets has changed but the total of the assets remains the same.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Shift in assets. A shift that occurs when the composition of the assets has changed but the total of the assets remains the same.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
