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Tushar Aher Patil

Trying to do betterย โ€ขย 7m

Day 6 About Basic Finance and Accounting Concepts Here's Some New Concepts 3. Tangible Assets Physical assets that have a physical form and can be touched. Examples: machinery, real estate, vehicles, inventory, and office supplies. 4. Intangible Assets Non-physical assets that represent ownership of certain benefits, often intellectual or legal. Examples: patents, trademarks, copyrights, goodwill, and brand reputation. 5. Financial Assets Assets representing ownership or claims on the income or wealth of others. Examples: stocks, bonds, mutual funds, and derivatives. 6. Operating Assets Assets essential for the day-to-day functioning of a business. Examples: equipment used in production, land on which a factory is built, or inventory for a retail business. 7. Non-Operating Assets Assets not essential for the primary operations of a business but still held by it. Examples: marketable securities, unused land, or investment property owned by a company.

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