TOTAL ASSETS Definition

Bookmark and Share

TOTAL ASSETS is the total of all assets; both current and fixed.

Learn new Accounting Terms

PROPRIERTORSHIP see SOLE PROPRIERTORSHIP.

RFID is Radio Frequency Identification Tag. An RFID is attached to and identifies a thing such as an item in inventory, a case of items, a pallet of cases, a car passing through a reader on a toll way, or a person passing through a doorway.  It is like a UPC (universal product code) on items in a store, but can be scanned from a longer distance.  A transceiver sends an activating signal and receives identification information.  An active RFID tag has an internal battery and has a longer range than a passive tag which is powered by the radio signal it receives.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.