Types of Assets There are various ways to categorize assets, but here are four commonly recognized types of assets: To visit: https://www.incometax.gov.in 1.Current assets: Current assets are assets that can be converted into cash within one year or the operating cycle of the business, whichever is longer. Examples include cash, accounts receivable, inventory, and prepaid… Read More »
Difference Between Asset and Property Assets can be define in two category tangible (such as property, equipment, or inventory) or intangible (such as patents, copyrights, or goodwill). Property, on the other hand, refers specifically to real estate, which is land and any structures. That are permanently attached to it, such as buildings, homes, and commercial… Read More »
Financial Assets Financial assets refer to any asset that is primarily based on financial value and is expected to provide future economic benefits to the holder. Examples of these asset include stocks, bonds, bank deposits, mutual funds, exchange-traded funds, derivatives, and insurance policies. These assets can be trade on financials markets, and their value can… Read More »