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प्रश्न
Explain Asset.
थोडक्यात उत्तर
उत्तर
- An asset is any resource owned by an individual, business, or organization that is expected to provide future economic benefits.
- Assets are essential components of a balance sheet and represent items of value that contribute to the overall wealth and financial stability of the entity.
- They can take various forms, such as cash, inventory, property, equipment, investments, and intellectual property.
- Further, assets are classified as Current assets and Fixed assets.
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Classification of Assets and Liabilities
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संबंधित प्रश्न
What are liquid assets?
What are contingent liabilities?
Give two examples of fictitious assets.
Mention two contingent liabilities.
Give a classification of assets.
Give one example of fictitious assets.
Give one difference between fixed assets and current assets.
Explain current assets with an example.
Name the different types of liabilities.
Explain Liability.
