Watching TV late at night and learning how to flipping houses, might lead you to think that real business seems a lot like playing Monopoly(tm). After all, the object of Monopoly is to buy as many properties as you can and end the game with the most money. Sounds like a sound formula for early retirement, […]
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Tag Archives: Assets
Assets vs. Expenses
May 4, 2012 
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People often confuse assets with expenses. This is because both assets and expenses use up your funds – these are things you can spend money on. Assets provide a future benefit to your business. They help bring in future revenues and profits. Assets appear on the balance sheet. For example, inventory is an asset. Expenses […]
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May 1, 2012 7 Comments
An asset is something that: you have paid for and you expect to benefit from in the future. Cash is an asset. So is merchandise held for sale. So is a receivable, money owed to you by a customer. Larger assets can include a car that you own or real estate. Even a software program […]
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Mark P. Holtzman, PhD, CPA, Chair and Associate Professor of Accounting, Seton Hall University
Wall Street Journal Small Business
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Accountinator 