question archive The best definition of assets is the owners investment in the business resources belonging to a company that have future benefit to the company
The best definition of assets is the owners investment in the business resources belonging to a company that have future benefit to the company
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The best definition of assets is the
owners investment in the business
resources belonging to a company that have future benefit to the company.
collections of resources belonging to the company and the claims on these resour
cash owned by the company .
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Answer:
The best definition of assets is the :
- resources belonging to a company that have future benefit to the company.
Asset is a company's resource or things of value, and such resoure must have future benefit or service potentials to the company. if not, the resource should be written off to the income statement and should not be shown as an asset.
Investment , cash are examples of asset but not the definition.
