Accounting

What is Assets and Current Assets? Definition with Accounting Examples

Assets Definition: In accounting terms, any tangible (physical resources) or intangible (nonphysical resources) that can be possessed or controlled to create positive monetary value is known as Assets.  In other words, “anything that can be transformed into cash value is termed as assets”.  This includes: Real Estate Asset like Building, land and any other physical immovable …

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What is Accounting? Definition with Examples

Accounting Definition: What is Accounting? Accounting means it is a comprehensive system to analyze communication of financial transactions. In other words meaning of accounting is a financial language which assists you in measuring your growth year on year. Accounting language was introduced as soon as paper money was used for exchange. Since initially volume of …

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