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- Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Assets are resources the business owns, such as cash, accounts receivable, and equipment. Liabilities are obligations the company has—in other words, what the company owes to others, such as accounts payable and long-term debt.www.freshbooks.com/hub/accounting/assets-and-li…What are small business assets? The assets of your business are everything that it owns. This includes buildings, machinery plants, vehicles, computers, and office equipment. Company assets also include more obvious things like cash, inventory and royalties.www.xero.com/us/guides/assets-liabilities-small-bu…An asset is something of value that you own or lease that helps you run your business, including cash or something you can sell or convert into cash. Business assets include but are not limited to equipment (like a laptop), bank balances, and stock.countingup.com/resources/what-are-assets-in-busi…A business asset is an item of value owned by a company. Business assets span many categories. They can be physical, tangible goods, such as vehicles, real estate, computers, office furniture, and other fixtures, or intangible items, such as intellectual property.smallbiztipster.com/what-are-business-assets/
An operating asset is an asset essential to your day-to-day business operations, such as these:
- Ready cash
- Office buildings, rented properties, or land
- Machinery, equipment, and vehicles
- Trademarks and patents
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