An asset account is a type of financial record that keeps track of valuable resources or possessions that a person or business owns. It includes things like money in the bank, investments, property, and equipment. Full definition
Also note that in asset accounts, positive numbers mean «more assets», whereas in liability accounts, positive numbers mean «more liability». (mathstat.dal.ca)
When any insured person dies, the life insurance company that issued the policy may place the death benefit proceeds into a retained asset account. (acli.com)
• Each investment asset account sheet also shows all of its cash flows over 70 years (and can be printed). (toolsformoney.com)