COMPUTERIZED

FINANCIAL
ACCOUNTING
ASSET

Introduction
What Is Asset ?
Types Of Asset:(1) Current Asset:(2) Fiction Asset:(3) Fix Asset:(A) Tangible Asset:(B) Intangible Asset:-

What Is Asset ?
Asset is nothing but a such type of properties.

In Accountancy
Any item of Business have Economic value in
market & helps in Business for work done
by easy.

Asset have monetary value.

Business Assets owner Business.

Asset is first record in Balance Sheet under

Asset Accounting.

Types of Asset
Ass
et
Fix
Asset
Tangible
Asset

Curre
nt
Asset

In
Tangible
Asset

Fictio
n
Asset

Fix Asset
It Is not Purchase for Resale In Short-Time Period ,
It Gives Benefit to Business for Long Time-period.
This Types of Asset Helps to Running Business
Successfully.
Example:- Building, Machine
Two Types of Fix Asset:(A) Tangible Asset:(B) In Tangible Asset:-

A. Tangible Asset:This type of Asset ,we can see it or touch it

& this Asset have physically existence.
Example:-Building , Machine

B. In Tangible Asset:This type of ,we cannot see it or cannot

touch it & this Asset have no physically
existence.
Example:-Trademark , Copyright

Current & Fiction Asset

Current Asset:This Type Of Asset Constantly convert into Cash
or other Asset , Its Value change Day by Day.
Example:-Stock

Fiction Asset:This Type of Asset is not Really Asset, They Do not

Fetch any value , they are simply debit Balance.
some expenses treated Temporary , but it gives
benefit many years.