WORKING ASSET Meaning and
Definition
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A working asset refers to a valuable resource or property owned by an individual, organization, or business that is actively generating income or contributing to the operation and productivity of the entity. It is an item or investment that has a tangible or intangible value and offers economic benefits through continuous use or sale.
Working assets can take various forms, including but not limited to machinery, equipment, tools, vehicles, intellectual property, stocks, bonds, real estate, and even human resources. These assets are distinguished by their ability to contribute to the revenue generation process or support the day-to-day operations of an entity. For instance, in a manufacturing company, the machinery used to produce goods would be considered a working asset as it directly contributes to the production and profitability of the business.
Working assets are usually included in the balance sheet of an entity and are accounted for in financial statements. They are essential for the smooth functioning of an organization as they provide the means necessary to carry out business activities efficiently. Additionally, working assets can appreciate or depreciate in value over time, and managing them effectively is crucial to maximizing their potential financial returns.
In conclusion, a working asset refers to a valuable resource owned by an individual, organization, or business that actively contributes to the generation of income or supports the operation and productivity of the entity.
Common Misspellings for WORKING ASSET
- qorking asset
- aorking asset
- sorking asset
- eorking asset
- 3orking asset
- 2orking asset
- wirking asset
- wkrking asset
- wlrking asset
- wprking asset
- w0rking asset
- w9rking asset
- woeking asset
- wodking asset
- wofking asset
- wotking asset
- wo5king asset
- wo4king asset
- worjing asset
- worming asset
Etymology of WORKING ASSET
The word "working" is derived from the Old English word "weorcian", which means "to do work". It can further be traced back to the Proto-Germanic word "werkaną", meaning "to work".
The term "asset", on the other hand, originated from the Old French word "acetz", which was derived from the Latin word "ad-" (meaning "to") and "satis" (meaning "enough" or "sufficient"). Originally, it referred to a meaning of "enough" or "sufficient" for a particular purpose. Over time, the term evolved to represent something of value or usefulness.
The phrase "working asset" combines these two words to signify an asset that is actively utilized to generate income or contribute to the functioning of a business or organization.
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