Match the following assets with their definitions

In the box below, make a list of all your own assets.

Make a list of the assets a regional branch of a soft drink factory might own

Company

Assets  

My Assets  

Assets	Definition
	Cash at bank		a	Furniture items and equipment that a company has bought
	Motor vehicles		b	Goods that a company has that are waiting to be used or sold
	Buildings/Premises		c	Money owed to the company for such things as credit sales
	Inventories		d	Land a company has bought
	Furniture and equipment		e	Money that a company has deposited in a bank
	Land		f	Buildings such as offices, factories or warehouses that a company has bought
	Accounts receivable		g	Cars, trucks and buses that a company has bought

Classification of Assets

Assets can be divided into two types. Current assets and fixed assets

Current Assets Current assetsare cash or items that can be converted into cash in a short period. Fixed Assets Fixed assetsare large items that are not easily converted into cash and which are used by accompany over a long period.

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