Assets and Profit and Loss are essential elements in finance, business, and asset management.

🔹 Assets

Items and valuables that will generate benefits in the future.

Examples:

Cash

Land, real estate

Tradable stocks

Company-owned machinery

Loans (money lent to others)

🔹 Profit and Loss

A comparison of income and expenses over a period of time.

Profit = Income > Expenses

Loss = Income < Expenses

Example:

If a company has an income of 1,000,000 Ks and expenses of 700,000 Ks

→ Profit = 300,000 Ks

🔍 Key takeaways:

Assets are the total value...