Accounting Ostaad

Assets  "Assets are any valuable thing that are purchase or acquire for an organization that run the Business Activities "  " An asset is an item of economic value that is expected to yield a advantage to the owning entity in up coming periods. If an expenditure is instead consumed within the present period, it is classified as an expense." "A business having a Large number of assets can be viewed as being more valuable than one with fewer assets; however, these assets are acquired with capital, which is expensive. Consequently, if the return generated by the assets is less than the return expected by investors, the assets are actually destroying value for the investors." Assets are most important for the business it is the life blood for every organization. If a man having no blood in body cannot stay long time same as the business if there are more assets or less assets then the requirement it is very difficult to run a business Assets are the

Accounting is a major subject. If you are new in this field then you will face many problems in this subject because you don't know about the basic terms of Accounting and if you don't know the basic terms of Accounting then I will advise you to Know about the basic Terms of Accounting Here are the some basic terms of Accounting Accounting  Debit  Credit  Assets  Expense  Income  Equities  Accounting Equation  Journal Narration  Drawing  Account Receivable  Account Payable  Prepaid Income/Expense  Accrued    Ledger  Trial Balance  Special Journal  Cash Book  Trading Profit and Lose Account  Balance Sheet  That terms are the play a most important role in the Accounting First of all I wanted to explain all that terms in very simple language that the every one can understand it butter so let's start Basic Accounting Terms