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Most people's main personal asset is typically their home, as it often represents the largest investment they make in their lifetime. Additionally, for many, their skills and education are significant assets, contributing to their earning potential and career opportunities. Personal savings and investments also play a crucial role in an individual's financial stability and future planning. Lastly, relationships and social networks can be considered invaluable personal assets, providing support and opportunities throughout life.

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1mo ago

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Examples of intangible asset?

Most common example of intengible asset is "GOODWILL"


What is the recordable cost of a plant asset?

The record able cost of a plant asset is most likely the cost of the plant asset at acquisition. This would include equipment costs, training of employees, sales taxes, freight costs, and the like.


Are office supplies considered current assets?

most of the time they are. a current asset is an asset that is expected to be expensed or turned in cash within one year or the current operating cycle, whichever is longer


What is the asset-offset of an accounts receivable?

Yes. Accounts receivable, or receivables for short, represent a financial obligation to the organization and are represented on the asset side of the balance sheet.Generally yes, most of your accounts receivable will be listed as a current asset. To make sure however remember the rule of current assets. Current assets are anything that can be turned into "cash.Accounts receivable is considered a short term asset.


Is a checking account an asset?

Yes, a checking account is definitely considered an asset because it holds cash, which is one of the most liquid forms of assets. Understanding basic financial concepts like this is essential for personal growth and skills development—especially in areas like money management, budgeting, and financial planning. The more we improve our financial literacy, the better equipped we are for long-term success. For more information: nsda.portal.gov.bd/site/page/92fd3b71-62de-43d9-b291-f80855dab52b