What is an Asset
What is an asset
An Asset can be thought off as something that, in the future, can generate cash flow and or reduce expenses or improve sales.
Can be both tangible and intangible.
A Current asset can be turned into cash within 12 months.
Why we need assets
To generate cash flow or reduce expenses or improve sales. Money coming in or saving money going out.
The name of the game in business is CASH FLOW.
How to choose an Asset
Is the Asset feeding the business I.E Bringing cash in or feeding Your EGO sending cash out?
When to buy an Asset
When the business needs it to continue to grow or be more efficient.
Key word is NEED not want..
Want to see more check out
https://www.learnaccountingfast.com
#learnAccountingFast
#LearnAccounting
#Accounting
#Businessskills
Watch video What is an Asset online without registration, duration hours minute second in high quality. This video was added by user learnaccountingfast 24 August 2018, don't forget to share it with your friends and acquaintances, it has been viewed on our site 184 once and liked it 5 people.