difference between assets and asset

[Elvira]

Business English Lesson, Advanced Level

ESL/EFL Test #19 "Money Matters (2)", question 5

When the time came to close the business down, its entire ......... had to be calculated so that the creditors could be paid off.

(a) earnings
(b) assets
(c) accumulation
(d) asset

Business English Lesson, Advanced Level

ESL/EFL Test #19 "Money Matters (2)", answer 5

When the time came to close the business down, its entire assets had to be calculated so that the creditors could be paid off.

Correct answer: (b) assets

Your answer was: incorrect
When the time came to close the business down, its entire asset had to be calculated so that the creditors could be paid off.
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what s the differences between assets and asset

Elvira

[Mister Micawber]

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An asset is just one; a business has many assets.
.
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Native English teacher at Mister Micawber's