Short term assets are assets that are held for a short period of time. Most are convertible to cash withina period of a year or less.
CASH
TREASURY BILL
MUTUAL FUNDS
OTHERS
Long term assets are assets that are held for more than a year.
BOND
PENSION
REAL ESTATE
Non-financial assets are assets that derive their value from their physical characteristics. They are not traded in financial markets.
JEWELLERY
CAR(S)
ART
Liabilities are what you owe other parties, simply put, liabilities take money out of your pocket.
PERSONAL LOANS
CAR LOANS
MORTGAGE LOANS
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