There are many advantages of organizing as it relates to physical assets. This allows for easier monitoring and accounting for the assets among other advantages.
differentiate between physical assets from physical liabilities
Tangible Assets: These are those assets which have physical existence and which can be seen by naked eyes or has feeling. Intangible Assets: These are reverse from tangible assets as these have no physical existence and nobody can see them with eyes.
Physical assets are tangible things a business or person owns, e.g. property.
Physical assets are plant, machinery, tools, land, building e.t.c where as financial assets include cash, shares, bonds, marketable securites, financial assets are used to purchase Physical asstes.
They are financial assets because they are non-physical assets
We can feel tangible asset,where as we cannot feel intangible asset
patents are intangible assets as these have not physical existence. patent is a right to use something which is not physical that's why it is an intangible asset.
A physical asset is something tangible that is owned such as equipment, cash, and inventory. Financial assets refer to things such as stocks and bonds, which have value but are not tangible.
advantages of assets:- 1)old assets sales profits 2)that's not working old assets that's way sale 3)more profit and deprecation less disadvantages of assets 1)old is gold that's way loss 2) less profit and 3)selling the old loss of industries
Physical assets are those assets which put company to earn or produce units to earn revenue like machinery, plant, equipment etc. Financial assets are like shares or debentures purchased in other company.
Real assets are physical assets such as plant, machinary, vehicles, stock/ inventory. Financial assets, are cash, bonds, shares etc., etc.
Intangible assets are those assets which do not have physical substance and nobody can see it physically.Examples:1 - goodwill2 - patent3 - copyrights etc