Categories of Assets include-
1) Current Assets - These are the assets which are highly liquid and are of maurity or less than or equal to 12 months. For example: Accounts Receivables, Cash, Short term securities etc
2) Intangible Assets- These are the long term assets which have value but they don't have physicality. For example: Patents, Goodwill etc
3) Tangible Assets- These are mainly long term assets which are not expected to be cashed for at least an year. For example: Land, Machinery etc
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