{"id":2825,"date":"2022-01-31T08:57:08","date_gmt":"2022-01-31T14:57:08","guid":{"rendered":"https:\/\/eeppaa.tech\/?page_id=2825"},"modified":"2022-01-31T08:57:09","modified_gmt":"2022-01-31T14:57:09","slug":"accounting","status":"publish","type":"page","link":"https:\/\/eeppaa.tech\/?page_id=2825","title":{"rendered":"Accounting"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-what-are-assets-in-accounting\">What are Assets in Accounting?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Assets in accounting are a medium through which one can undertake businesses, either tangible or intangible, having a monetary value due to the economic benefits associated with it. Assets include property, plant and equipment, vehicles,&nbsp;<a href=\"https:\/\/www.wallstreetmojo.com\/cash-and-cash-equivalents\/\">Cash and Cash Equivalent<\/a><a href=\"https:\/\/www.wallstreetmojo.com\/cash-and-cash-equivalents\/\"><\/a><a href=\"https:\/\/www.wallstreetmojo.com\/cash-and-cash-equivalents\/\"><\/a><a href=\"https:\/\/www.wallstreetmojo.com\/cash-and-cash-equivalents\/\"><\/a>, accounts receivables, and inventory.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Following are the characteristics of assets:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>It is owned and controlled by the enterprise.<\/li><li>It provides a probable future economic benefit.<\/li><li><\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"809\" height=\"477\" src=\"https:\/\/eeppaa.tech\/wp-content\/uploads\/2022\/01\/Assets-in-Accounting-3.jpg.webp\" alt=\"\" class=\"wp-image-2827\" srcset=\"https:\/\/eeppaa.tech\/wp-content\/uploads\/2022\/01\/Assets-in-Accounting-3.jpg.webp 809w, https:\/\/eeppaa.tech\/wp-content\/uploads\/2022\/01\/Assets-in-Accounting-3.jpg-300x177.webp 300w, https:\/\/eeppaa.tech\/wp-content\/uploads\/2022\/01\/Assets-in-Accounting-3.jpg-768x453.webp 768w, https:\/\/eeppaa.tech\/wp-content\/uploads\/2022\/01\/Assets-in-Accounting-3.jpg-390x230.webp 390w\" sizes=\"auto, (max-width: 809px) 100vw, 809px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Liabilities are\u00a0<strong>any debts your company has<\/strong>, whether it&#8217;s bank loans, mortgages, unpaid bills, IOUs, or any other sum of money that you owe someone else. If you&#8217;ve promised to pay someone a sum of money in the future and haven&#8217;t paid them yet, that&#8217;s a liability.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"879\" src=\"https:\/\/eeppaa.tech\/wp-content\/uploads\/2022\/01\/accounting-assets-liabilities-1024x879.png\" alt=\"\" class=\"wp-image-2826\" srcset=\"https:\/\/eeppaa.tech\/wp-content\/uploads\/2022\/01\/accounting-assets-liabilities-1024x879.png 1024w, https:\/\/eeppaa.tech\/wp-content\/uploads\/2022\/01\/accounting-assets-liabilities-300x258.png 300w, https:\/\/eeppaa.tech\/wp-content\/uploads\/2022\/01\/accounting-assets-liabilities-768x659.png 768w, https:\/\/eeppaa.tech\/wp-content\/uploads\/2022\/01\/accounting-assets-liabilities-870x747.png 870w, https:\/\/eeppaa.tech\/wp-content\/uploads\/2022\/01\/accounting-assets-liabilities-390x335.png 390w, https:\/\/eeppaa.tech\/wp-content\/uploads\/2022\/01\/accounting-assets-liabilities-1170x1004.png 1170w, https:\/\/eeppaa.tech\/wp-content\/uploads\/2022\/01\/accounting-assets-liabilities.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Total assets  &#8211;  total liabilities  =  owner equity or equity $111,000 &#8211; $49,000 = $62,000 equity<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What are Assets in Accounting? Assets in accounting are a medium through which one can undertake businesses, either tangible or intangible, having a monetary value due to the economic benefits [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"footnotes":""},"class_list":["post-2825","page","type-page","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/eeppaa.tech\/index.php?rest_route=\/wp\/v2\/pages\/2825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eeppaa.tech\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/eeppaa.tech\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/eeppaa.tech\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/eeppaa.tech\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2825"}],"version-history":[{"count":1,"href":"https:\/\/eeppaa.tech\/index.php?rest_route=\/wp\/v2\/pages\/2825\/revisions"}],"predecessor-version":[{"id":2829,"href":"https:\/\/eeppaa.tech\/index.php?rest_route=\/wp\/v2\/pages\/2825\/revisions\/2829"}],"wp:attachment":[{"href":"https:\/\/eeppaa.tech\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}