Assets refer to operations and are convertible to cash, which is owned by the person that is ownership and can benefit from protecting land in the real estate value or property claim. And then it expenditure accounting in the next review period time.
Assets that is in cash or cash equivalent such as, money, bills and other
Assets that are claims such as, debts
Tangible assets such as, land, building or car
Intangible assets such as, trademarks, copyrights and patents
The expenditure to benefit go the next review period time including the different types of expenses in advance payments.