An asset possesses which of the following?
A. Future economic benefits for the business
B. All kinds of benefits for the business
C. Expenses for the business
D. Merits & Demerits for the business
Answer: Option A
Solution (By Examveda Team)
An asset possesses future economic benefits for the business. An asset is a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide a future benefit.This Question Belongs to Commerce >> Accounting
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