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Accounting Glossary: Assets

Our accounting and bookkeeping Terms glossary has definitions to over 150
accounting (accouting) and bookkeeping terms or tax terms.

Use this accounting resource to improve your accounting knowledge and bookkeeping understanding. All of these accounting terms have been reviewed and are written so they can be understood for a wide range of accountants, bookkeeppers, cpas professionals.

Please pick a letter to proceed to the terms associated with that letter.

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Assets:
Anything owned by an individual or a business, which has commercial or exchange value. Assets may consist of specific property or claims against others, in contrast to obligations due others. Assets are things of value held (usually owned) by the business. Assets are balance sheet accounts. Examples are cash, accounts receivable, inventory, and fixed assets.


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