Total assets refer to all assets owned or controlled by an enterprise, including current assets, long-term investments, fixed assets, intangible and deferred assets and other long-term assets, and are the total assets of an enterprise's balance sheet. Net assets are owners' equity, including paid-in capital, capital reserve, surplus reserve and undistributed profits.
The difference between net assets and total assets is as follows:
Total assets refer to all assets owned or controlled by an enterprise. Including current assets, long-term investments, fixed assets, intangible and deferred assets and other long-term assets. , that is, the total assets on the balance sheet of the enterprise.
(1) Current assets refer to the total assets that an enterprise can realize or consume within one year or more than one year's production cycle. Including cash and various deposits, short-term investments, receivables and prepayments, inventories, etc.
(2) Fixed assets refer to the total amount of funds occupied by the net fixed assets, fixed assets clearing, projects under construction and losses of fixed assets to be handled.
(3) Intangible assets refer to assets that have been used by enterprises for a long time and have no physical form. Including patent right, non-patented technology, trademark right, copyright, land use right,
Net assets are owners' equity, including paid-in capital, capital reserve, surplus reserve, undistributed profits,
Net assets (total owner's equity) = total assets-total liabilities.
The total assets belong to the enterprise and the net assets belong to the shareholders.
Total assets are divided into current assets and long-term assets according to the duration of holding assets. The former is monetary assets, inventory, accounts receivable, etc. And the latter is long-term investment, housing equipment, etc. According to the different characteristics of asset turnover, total assets consist of current assets, long-term investments, fixed assets, intangible assets and deferred assets. According to the different forms of assets, total assets consist of financial assets and non-financial assets, tangible assets and intangible assets.
To sum up, the difference between net assets and total assets is mainly that the scope of the former is smaller, and total assets include net assets. The net assets of an enterprise refer to its total assets minus its liabilities. In quantity, it is equal to the balance of all assets minus all liabilities of the enterprise. Belong to the owner's equity. The total assets of an enterprise refer to all assets in its balance sheet.
Legal basis:
Article 9 of the Regulations on Financial Accounting Reports of Enterprises
A balance sheet is a statement that reflects the financial situation of an enterprise on a specific date. The balance sheet shall be presented by assets, liabilities and owners' equity (or shareholders' equity, the same below). Among them, the definition and listing of assets, liabilities and owners' equity shall meet the following requirements:
(1) Assets refer to resources formed by past transactions and events, which are owned or controlled by enterprises and are expected to bring economic benefits to enterprises. On the balance sheet, assets should be listed according to their liquidity classification, including current assets, long-term investments, fixed assets, intangible assets and other assets. If the assets of banks, insurance companies and non-bank financial institutions are special, they should be classified and itemized according to their nature;
(2) Liabilities refer to the current obligations formed by past transactions and events, and the fulfillment of this obligation is expected to lead to the outflow of economic benefits from the enterprise. On the balance sheet, liabilities should be listed according to their liquidity classification, including current liabilities and long-term liabilities. If the liabilities of banks, insurance companies and non-bank financial institutions are special, they should be classified and itemized according to their nature;
(3) Owner's equity refers to the economic benefits enjoyed by the owner in the assets of the enterprise, and the amount is the balance of assets minus liabilities. On the balance sheet, the owner's equity shall be itemized according to paid-in capital (or share capital), capital reserve, surplus reserve and undistributed profit.