What is a virtual asset?
Virtual assets refer to the expenses or losses that have occurred, but are temporarily listed as deferred expenses, deferred assets, losses of outstanding current assets, losses of outstanding fixed assets, etc. due to insufficient affordability of enterprises. Virtual assets are a special part of enterprise assets and the product of going concern accounting assumption. In essence, virtual assets are not assets, but the expenses or losses that have occurred in the enterprise, which are temporarily regarded as part of asset accounting according to the requirements of accrual basis and accounting ratio.
Relationship between Virtual Assets and Physical Assets
The value of virtual assets has two parts: one part is created by labor, and the other part is the transfer of existing value, which corresponds to certain physical assets. The physical assets here can be tangible or intangible, including the existing situation and the possibility of existence in the future. The value of virtual assets and physical assets is not completely equal, but the former is determined by the latter.
The popularity of the Internet has brought many benefits to people, not only the rapid popularization of information and knowledge, but also the payment method of network utilities has been gradually accepted by people with the emergence of online shopping and online booking, making it more convenient and faster to pay network utilities. But at present, there are many ways to charge water, electricity, gas and other public utilities. With the improvement of people's requirements for the quality of life, government functional departments have also begun to implement various civilian and privatization measures. Among them, life service websites all over the country are its typical representatives. Through these websites, citizens can pay utilities and enjoy all kinds of conveniences that they can get without going out.