On a balance sheet, assets are equal to the sum of
From an accounting perspective, assets are divided into the following categories:
- current assets (cash and other liquid items),
- long-term assets (real estate, plant, equipment),
- prepaid and deferred assets (expenditures for future costs such as insurance, rent, interest), and
- intangible assets (trademarks, patents, copyrights, goodwill).
See also: List of Key Accounting Terms and Definitions at InvestorGuide.com.