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| Name | What are Assets? Explained with Examples |
| Video Uploader | Video From The Bookkeeping Channel |
| Upload Date | This Video Uploaded At 20-06-2023 20:00:06 |
| Video Discription | You’ve probably used the word “asset” many times in your life. It’s a fairly common word that we use in our personal lives as well as in the world of business. But what exactly is an asset? Is your car an asset? Your house? What about the money sitting in your bank account? Working out whether something is an asset is important because it can help determine the overall health of your business or personal finances. So in this video we’ll take a look at what exactly an asset is so you can work out whether something is an asset or not in both your business and personal lives. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Timestamps: 00:00 What are Assets? Explained with Examples 00:25 What are assets? 00:35 Personal assets 01:05 Personal asset definition 01:45 Is a house an asset? 02:21 Business asset definition 02:36 Accounting definition of an asset 02:53 Is a car an asset? 03:15 Is cash in a bank account an asset? 04:08 Business vs personal assets 04:31 Which assets go on a balance sheet? 04:54 Example of assets to include on a balance sheet ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Please note that Bullseyemoney is not a financial or tax adviser. Our videos are here to inform you and the information provided does not constitute financial, taxation, legal, business or other professional advice and should not be relied upon as such. Bullseyemoney is not liable or responsible for any financial, tax, legal, business or other decisions you make. If you are looking for advice, you should seek a suitable and qualified adviser. RSqbA_pysOE |
| Category | Education |
| Tags | asset | asset definition | asset example | assets accounting | assets accounting tutorial | assets explained | assets in accounting | assets in accounting tutorial | assets tutorial | what are assets | what are assets in accounting | personal assets | personal assets definition | Is a house an asset | Business asset definition | Accounting definition of an asset | Is a car an asset | Is cash in a bank account an asset | Business vs personal assets | Which assets go on a balance sheet |
