Assets

Assets are valuable resources that an individual or business owns. They can include cash, properties, investments, vehicles, equipment, or intellectual property. Essentially, assets are anything that can generate future economic benefits or that can be converted into cash. They are important for assessing financial health, as they represent what you own and can use to pay off debts or invest for growth. In summary, assets contribute to an entity's overall wealth and can be crucial for financial planning and management.