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ASSETS & LIABILITIES RETURN AS ON S l n l A r A p Alps Name o ft lie Government servant: (in full and block letters)2. Service to which he belongs:3. Total length o f service unto date: (i) in Non
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Identify all items owned by the business that have monetary value
02
Determine the original cost of each asset
03
Classify assets into categories such as current assets, fixed assets, and intangible assets
04
List all assets on the balance sheet along with their respective values

Who needs what is an asset?

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Business owners and managers need to know what assets they have in order to make informed decisions about the financial health of the company
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Investors and stakeholders need to know what assets a company has before making investment decisions
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Lenders and creditors need to know what assets a company has in order to evaluate its creditworthiness
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An asset is any resource with economic value that an individual or corporation owns or controls with the expectation that it will provide future benefit.
Individuals and corporations who own assets are required to file information about their assets.
To fill out information about an asset, one must provide details such as the description, value, and location of the asset.
The purpose of reporting assets is to provide transparency and accountability regarding an individual's or corporation's financial holdings.
Information such as the description, value, and location of the asset must be reported.
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