Assets which have physical existence are called ...

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General Accounting Principles Accounting as a financial information system Add to Study Deck

Assets, which have physical existence, are called

Tangible Assets

Intangible Assets

Quick Assets

Current Assets

Explanation:

A tangible asset is an asset that has a finite monetary value and usually a physical form. Tangible assets can typically always be transacted for some monetary value though the liquidity of different markets will vary. Tangible assets are the opposite of intangible assets which have a theorized value rather than a transactional exchange value.