The accounting term for the resources owned by a company is assets.
Assets are economic resources that a business owns or controls and expects to provide future benefits. They can be tangible, such as cash, inventory, land, buildings, and equipment, or intangible, such as patents, copyrights, trademarks, and goodwill. Cash is itself an asset, even though assets are often described as things that can be converted into cash.
On a balance sheet, assets are commonly divided into current and non-current assets. Current assets are expected to be used, sold, or converted into cash relatively soon; examples include accounts receivable and inventory. Non-current assets, including property and equipment, support operations for longer periods.
Assets are not the same as revenue, liabilities, or equity. Revenue is income earned, liabilities are obligations owed to others, and equity is the owners’ residual interest. The central accounting equation links them: assets equal liabilities plus equity.