Financial assets and non-financial asserts
This query is : Resolved
CA Shashank Jain
(Expert)
27 August 2014
A financial asset is an intangible asset that derives value because of a contractual claim. Examples include bank deposits, bonds, and stocks.
An asset with a physical value such as real estate, equipment, machinery, gold or oil. For example, gold is considered a nonfinancial asset because it has inherent value based on its use in jewelry, electronics, dentistry, ornamentation and historically as currency.
An asset with a physical value such as real estate, equipment, machinery, gold or oil. For example, gold is considered a nonfinancial asset because it has inherent value based on its use in jewelry, electronics, dentistry, ornamentation and historically as currency.
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