In simple words, an asset is something of value that you own and can convert to cash. Your car is an asset and so is your house because you could sell either one and receive its value in cash.

Total Current Assets refers to the sum of all assets that a company expects to convert into cash, sell, or consume within one year or within its normal operating cycle. These assets are crucial for ...

Fixed assets are assets that are staples of your business, like property, equipment, and plants. These assets are tangible and depreciable, and typically last for longer than one year. Understanding ...