Asset - Resources a business owns or controls that are expected to provide future benefits. , Land - Where property is built upon. , Property - Buildings, Plant and Equipment - Large machines, Office equipment - Printer, Fixtures and fittings - air conditioner, Motor vehicles - Delivery truck , Inventory - Goods bought by business for resale purpose, Trade receivables - Amount owed by debtor to whom business sells goods or services on credit, Other receivables - Amount owed by debtors for reasons other than the sale of goods and services on credit, Cash at bank - $5 000 deposited at OCBC Bank , Cash in hand - $200 kept at office ,

Assets

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