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1.Assets enable the business to earn economic benefits. 2.Assets enable the business to make economic benefits. Which Lineis most suitable for giving definition of assets? And why?
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1.Assets enable the business to earn economic benefits. 2.Assets enabl...
Definition of Assets:
Assets are economic resources owned or controlled by a business that provide future economic benefits. They are essential components of a business's balance sheet and play a crucial role in generating revenue and profits.
Explanation:
1. Assets enable the business to earn economic benefits:
- This statement accurately defines assets because assets are tangible or intangible resources that have the potential to generate revenue or provide other economic benefits to the business. For example, a company's machinery and equipment can be used to produce goods or services that generate revenue. Similarly, investments in stocks or bonds can generate interest or dividend income for the business.
2. Assets enable the business to make economic benefits:
- While assets do contribute to the overall financial health of a business and can be used to make strategic investments or acquisitions, the primary purpose of assets is to earn economic benefits rather than simply make them. Assets are utilized by businesses to generate revenue, reduce expenses, or increase the value of the company.
In conclusion, the statement "Assets enable the business to earn economic benefits" is more suitable for defining assets because it emphasizes the role of assets in generating revenue and creating value for the business. Assets are essential resources that enable a business to operate, grow, and ultimately achieve its financial goals.
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1.Assets enable the business to earn economic benefits. 2.Assets enable the business to make economic benefits. Which Lineis most suitable for giving definition of assets? And why?
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1.Assets enable the business to earn economic benefits. 2.Assets enable the business to make economic benefits. Which Lineis most suitable for giving definition of assets? And why? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 1.Assets enable the business to earn economic benefits. 2.Assets enable the business to make economic benefits. Which Lineis most suitable for giving definition of assets? And why? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 1.Assets enable the business to earn economic benefits. 2.Assets enable the business to make economic benefits. Which Lineis most suitable for giving definition of assets? And why?.
1.Assets enable the business to earn economic benefits. 2.Assets enable the business to make economic benefits. Which Lineis most suitable for giving definition of assets? And why? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 1.Assets enable the business to earn economic benefits. 2.Assets enable the business to make economic benefits. Which Lineis most suitable for giving definition of assets? And why? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 1.Assets enable the business to earn economic benefits. 2.Assets enable the business to make economic benefits. Which Lineis most suitable for giving definition of assets? And why?.
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