• Cash– It comprises any form of currency that can be easily traded, as well as coins, checks, money orders, and bank account balances.
  • Accounts receivable– Accounts receivable is an asset that sells goods or services on credit to a person. Accounts receivable are the buyer’s compliance to make payments to the seller by the terms of sale.
  • Bills receivable– Bills are a written promise to pay the money. A company holding a note signed by another entity records the asset as a note. Unlike accounts receivable, a receivable can be a long-term asset with a set interest rate.
  • Prepaid expenses– Prepaid expenses, like prepaid insurance, are advanced expenses that have paid. For example, accounts receivable, prepaid expenses and, accrual income are assets because they required for assets. If the six-month insurance paid in advance, the company has the right to insurance (service) for the next six months.
  • Inventory– Inventory comprises the goods includes goods owned by the company that sells these goods. For example, a car will be a car dealership in stock because it is in the business of selling cars. A car wouldn’t be considered a pizza shop’s inventory looking for delivery vans that sell it.
  • Supply– Many companies have sundry assets, is the entire product production is too small and cheap capital — these assets consumed when they are purchased.