Assets
Assets in a small business include anything that can be used to pay debts. "Liquid" or "tangible" assets can be quickly sold and converted to cash, or used as collateral [1]in a loan application. Examples of tangible assets include buildings, vehicles, or office equipment. On a balance sheet [2], your assets should include anything owned or due to the business including cash, Accounts Receivable [3], inventory [4], and other items.
Issue: