Definition of Assets

Everything from money to securities to real estate that is owned by the company and adds to its bottom line, is known as assets. An asset could be tangible and Intangible and both has bearing on the balance sheet of the company.

Points to remember:

• Assets are always mentioned on the company’s balance sheet.
• Assets increase the value of the company and provide future benefits.
• Assets can improve sales and produce cash flow if needed, in future.