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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