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Apr 25, 2023 · What Is an Asset? An asset is a resource owned by an individual or organization which provides economic value. This includes cash, equipment, property, rights, or anything that helps a company generate revenue or reduce expenses. According to the International Financial Reporting Standards (IFRS), assets are obtained as a result of past transactions or events and …
Anything valuable or useful.... Click for English pronunciations, examples sentences, video.
In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). [1] The balance sheet of a firm records the monetary …
Definition of asset noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Apr 4, 2025 · An asset is anything, tangible or intangible, that has economic value to its owner or could have economic value in the future.
The meaning of ASSET is the property of a deceased person subject by law to the payment of his or her debts and legacies. How to use asset in a sentence.
Asset definition: a useful and desirable thing or quality.. See examples of ASSET used in a sentence.
Aug 30, 2024 · Assets are things that hold monetary value to individuals and businesses. They’re used to calculate net worth and are a crucial part of a successful company.
ASSET meaning: 1. a useful or valuable quality, skill, or person: 2. something valuable belonging to a person or…. Learn more.
Define asset. asset synonyms, asset pronunciation, asset translation, English dictionary definition of asset. n. 1. A useful or valuable quality, person, or thing; an advantage or resource: proved herself an asset to the company. 2. A valuable item that is owned.
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