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What does "asset" mean?

Economics Fixed Asset Management
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Question added by Shameer Nazir Madari , Assistant Finance Manager , METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)
Date Posted: 2016/04/22
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SUYASH MADKAIKAR
by SUYASH MADKAIKAR , Officer , Tata Services Limited

ASSETS ARE THE ITEMS OR PROPERTY, WHETHER TANGIBLE OR INTANGIBLE,  POSSESSED OR OWNED BY A COMPANY HAVING A VALUE WHICH CAN ALSO BE USED TO MEET DEBTS , IF NECESSARY.

Ammar Tariq
by Ammar Tariq , Accounts Assistant , Spud Energy Pty Limited

Asset must be greener pasture for company

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