What Are Total Assets
Total Assets refers to total amount of Assets owned and controlled by an entity or a sole proprietor. These are shown on the B alance Sheet on asset side. Examples of total assets include Cash , Accounts Receivable , Inventory , Land & buildings, Plant & Machinery, Goodwill , Patents, etc. Total Assets include both Current Assets and N on Current Assets / Fixed Assets . Mathematically we can show it as: Total Assets = Current Assets + N on Current Assets As the sum of assets (Total Assets) are equal to the sum of Liabilities and Equity so these represent a part of Accounting Equation .