Which definition best describes an asset?

An asset is accurately described as a resource that is expected to provide future economic benefits. This means that assets are typically tangible or intangible resources owned by a business that will likely generate income or increase in value over time. This definition captures the essence of what constitutes an asset, emphasizing the potential for future financial returns.

For instance, cash, inventory, real estate, and equipment are all examples of assets because they can be used to generate revenue for the business. The focus on future economic benefits is key, highlighting how assets play a crucial role in a company's operations and financial standing.

Other choices do not align with the correct definition of an asset. A type of bond refers specifically to a financial instrument used to raise capital, not a broader concept of economic benefit. An amount owed to creditors describes liabilities, which represent obligations rather than resources. Lastly, a final profit after expenses pertains to income statements and financial performance, not to the definition of assets themselves.