Accounting 101: Liabilities
Accounting 101: The Accounting Formula

Accounting 101: Assets


Accounting 101: Assets
What is An Asset? An asset represents a present economic resource of a company to which it has a right and an expectation that it will provide future benefit. Lets break that down further; assets are the “stuff” that the business owns or has rights to that will make them money in the future. Go to Accounting 101: Assets