Assets in a Balance Sheet
Assets refer to what a business owns, such as cash, inventory, accounts receivable, and equipment. Assets represent resources available to a business for survival, operation, and growth.
According to Investopedia, an asset is "a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit" (2012).
Assets. (2012). In Investopedia. Retrieved from
http://www.investopedia.com/terms/a/asset.asp#ixzz281KJ5P8M
