Assets in Finance

"In the financial accounting, the assets are said to be the economic resources. Anything intangible or tangible which is able to be controlled or owned to produce the value and which is held to get positive economic value is known as an asset. If described simply, the assets symbolize the ownership of the value which can be changed into cash. Balance sheet of any company archives the monetary value of assets. It is the money and other kinds of valuable assets owned by any business or individual. "