Commerce Exam > Commerce Questions > mam please explain type of assets Related: 0...
Start Learning for Free
mam please explain type of assets
?
Most Upvoted Answer
mam please explain type of assets Related: 01- Some Basic Accounting ...
The following are a few major types of assets.
1. Tangible Assets
Tangible assets are any assets that have a physical presence. Examples include cash, stocks, bonds, property, buildings, equipment, inventory, precious metals and art.
2. Intangible Assets
Intangible Assets are assets that have no physical presence. Examples include patents, copyrights, goodwill and trademarks. It is usually difficult to determine the value of intangible assets.
3. Financial Asset
A financial asset is an asset that has a value that's based on a contract. Examples include cash, stocks, bonds and derivatives.
4. Fixed Assets
Fixed assets are long-lived assets that cannot be easily converted into cash. Examples include property, buildings, equipment and furniture.
5. Current Assets
Current assets include cash and assets that are expected to be converted into cash, consumed or expended in the next year or current operating period.
Thank You.
1. Tangible Assets
Tangible assets are any assets that have a physical presence. Examples include cash, stocks, bonds, property, buildings, equipment, inventory, precious metals and art.
2. Intangible Assets
Intangible Assets are assets that have no physical presence. Examples include patents, copyrights, goodwill and trademarks. It is usually difficult to determine the value of intangible assets.
3. Financial Asset
A financial asset is an asset that has a value that's based on a contract. Examples include cash, stocks, bonds and derivatives.
4. Fixed Assets
Fixed assets are long-lived assets that cannot be easily converted into cash. Examples include property, buildings, equipment and furniture.
5. Current Assets
Current assets include cash and assets that are expected to be converted into cash, consumed or expended in the next year or current operating period.
Thank You.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Top Courses for CommerceView all
mam please explain type of assets Related: 01- Some Basic Accounting Terminologies - Class 11 - Accountancy?
Question Description
mam please explain type of assets Related: 01- Some Basic Accounting Terminologies - Class 11 - Accountancy? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about mam please explain type of assets Related: 01- Some Basic Accounting Terminologies - Class 11 - Accountancy? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for mam please explain type of assets Related: 01- Some Basic Accounting Terminologies - Class 11 - Accountancy?.
mam please explain type of assets Related: 01- Some Basic Accounting Terminologies - Class 11 - Accountancy? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about mam please explain type of assets Related: 01- Some Basic Accounting Terminologies - Class 11 - Accountancy? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for mam please explain type of assets Related: 01- Some Basic Accounting Terminologies - Class 11 - Accountancy?.
Solutions for mam please explain type of assets Related: 01- Some Basic Accounting Terminologies - Class 11 - Accountancy? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of mam please explain type of assets Related: 01- Some Basic Accounting Terminologies - Class 11 - Accountancy? defined & explained in the simplest way possible. Besides giving the explanation of
mam please explain type of assets Related: 01- Some Basic Accounting Terminologies - Class 11 - Accountancy?, a detailed solution for mam please explain type of assets Related: 01- Some Basic Accounting Terminologies - Class 11 - Accountancy? has been provided alongside types of mam please explain type of assets Related: 01- Some Basic Accounting Terminologies - Class 11 - Accountancy? theory, EduRev gives you an
ample number of questions to practice mam please explain type of assets Related: 01- Some Basic Accounting Terminologies - Class 11 - Accountancy? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup