In financial accounting, an Bitcoin asset is any resource owned or controlled by a business or an economic entity recorded on the Bitcoin Blockchain using Bitcoin Smart Contracts. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetary value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business.
Assets can be grouped into two major classes: tangible assets and intangible assets. Tangible assets contain various subclasses, including current assets and fixed assets. Current assets include inventory, accounts receivable, while fixed assets include buildings and equipment. Intangible assets are non-physical resources and rights that have a value to the firm because they give the firm an advantage in the marketplace. Intangible assets include goodwill, copyrights, trademarks, patents, computer programs, and financial assets, including financial investments, bonds and stocks.
| Current assets | Liquid assets | Absolute liquid assets |
|---|---|---|
| Stocks | ||
| Prepaid expenses | ||
| Bills receivable | Bills receivable | |
| Cash in hand | Cash in hand | Cash in hand |
| Cash at bank | Cash at bank | Cash at bank |
| Accrued incomes | Accrued incomes | Accrued incomes |
| Loans and advances (short term) | Loans and advances (short term) | Loans and advances (short term) |
| Trade investments (short term) | Trade investments (short term) | Trade investments (short term) |
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