Business GCSE
Assets
What Assets means in Business GCSE, as defined for AQA.
Definitions of Assets
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
Check what you remember
Read the wording for your board, then hide it and explain Assets in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Resources the business controls or owns that hold value or will bring future benefit, such as inventory, machinery, vehicles, cash at bank and trade receivables.
Resources owned by a business, such as inventory or machinery.
Topics that use Assets
Related terms
- Asset and liability classification
- Average Rate of Return (ARR)
- Business decision making
- Calculating and comparing ratios and totals
- Cash Flow Forecast
- Causes and consequences of financial change
- Financial interpretation and comparison
- Financial reporting
Using Assets in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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