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What are Assets? | Financial Accounting | From A Business Professor
Автор: Business School 101
Загружено: 2025-04-14
Просмотров: 2389
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Have you ever wondered what businesses own and use to generate revenue? How do companies track their resources, and why does it matter in financial reporting? The answer lies in a fundamental accounting concept called assets. Assets are the backbone of any business. They represent everything a company owns that has value and can be used to generate income. But what exactly qualifies as an asset? How are assets classified? why are they so important in financial accounting and are there some real-world examples? In this video, I will discuss these questions with you.
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