Assets : It includes all the asset i.e. all the products (tangible or intangible) will be included which helps to produce the value. The Main heads of the asset are Fixed assets, Other current asset and account receivable. In Fixed asset, all the asset which are for long term and the company uses it to generate income. In Current asset, all the asset which are sold or used in the day-to-day operations foe the year. It includes cash, stock, market securities etc. In account receivables means the debtors or the customer to whom the sales is done. In assets there are many other accounts which include investment, deposit, etc. which generally not included in any of the heads.