Personal assets is assets that are owned by a person. Company assets are assets that are own by the company.
Equity
A company's assets are resources it owns that have economic value and can generate future cash flows, such as cash, inventory, and property. In contrast, liabilities are obligations or debts the company owes to outside parties, like loans, accounts payable, and mortgages. The difference between a company's assets and liabilities is known as equity, which represents the ownership interest in the company. Essentially, assets provide value, while liabilities represent claims against that value.
The book value is the difference between a company's assets and their total liabilities. It is usually drawn from the balance sheet of a company.
Physical assets are those assets which put company to earn or produce units to earn revenue like machinery, plant, equipment etc. Financial assets are like shares or debentures purchased in other company.
Gross working capital is the amount company invested in current assets while net working capital is the difference between current assets and current liabilities.
Equity
In financial terms, equity represents the ownership interest in a company, while assets are the resources owned by the company. Equity is the difference between a company's assets and liabilities, reflecting the net worth of the business. Assets, on the other hand, are the tangible and intangible resources that a company owns and can use to generate revenue.
The main difference between asset and equity is that assets represent what a company owns and what it owes, while equity represents the ownership interest in the company held by its shareholders. In simpler terms, assets are what a company has, while equity is who owns the company.
Total assets include all of a company's assets, both current and non-current, while current assets are a subset of total assets that can be easily converted into cash within a year.
A company's assets are resources it owns that have economic value and can generate future cash flows, such as cash, inventory, and property. In contrast, liabilities are obligations or debts the company owes to outside parties, like loans, accounts payable, and mortgages. The difference between a company's assets and liabilities is known as equity, which represents the ownership interest in the company. Essentially, assets provide value, while liabilities represent claims against that value.
The book value is the difference between a company's assets and their total liabilities. It is usually drawn from the balance sheet of a company.
Physical assets are those assets which put company to earn or produce units to earn revenue like machinery, plant, equipment etc. Financial assets are like shares or debentures purchased in other company.
Gross working capital is the amount company invested in current assets while net working capital is the difference between current assets and current liabilities.
Fixed assets and non-current assets are basically the same. Both are defined as assests that are utilized or depreciated by a company over the course of more than a year.
Assets have of two types Current Assets Non-Current/ Fixed Assets Current Assets are those which company utilizes in one fiscal year for example, material, Fixed assets are those assets which company utilizes for more than one fiscal year for example, machinery, plant, equipment etc
A limited liability company, or LLC, is its own entity and can possess assets, property, and liability. This allows you shield your personal assets from the assets of the limited liability company.
If the partnership go into debt, you can lose personal assets aswell as the businesses assets. A private company's assets can only be ceased if the company go into debt.