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Organizations typically categorize their assets into several key groups:

  1. Current Assets: These are short-term assets expected to be converted into cash within a year, including cash, accounts receivable, and inventory.
  2. Fixed Assets: Long-term assets used in operations, such as property, plant, equipment, and vehicles.
  3. Intangible Assets: Non-physical assets like patents, trademarks, copyrights, and goodwill that provide value over time.
  4. Financial Assets: Investments in stocks, bonds, or other financial instruments that represent ownership or creditor relationships.
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1w ago

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