Assets are the resources owned or controlled by a retail store or business that have economic value and are expected to provide benefits in the future. In store operations, assets are important because they support the day-to-day functioning of the store, help generate sales and contribute to the overall financial strength of the business. Assets are generally classified into three broad categories: fixed assets, current assets and intangible assets. Fixed assets are long-term assets that are purchased for use in the operation of the store and are not normally intended for resale. They remain in the business for a relatively long period, usually more than one accounting year. These assets provide continuous support to store operations and are essential for creating the physical infrastructure of a retail outlet. Examples of fixed assets in a retail store include the store building, land, furniture, shelves, display racks, counters, refrigerators, freezers, air-conditioning systems, computers, billing machines, security equipment, shopping carts and material-handling equipment. Vehicles used for store operations can also be treated as fixed assets. For example, a supermarket may invest in refrigerators to preserve dairy products and frozen food, while a clothing store may invest in display fixtures, lighting systems and changing-room facilities. Fixed assets generally involve a substantial investment and require proper maintenance. Store managers must ensure that equipment and fixtures are used efficiently and maintained regularly. Depreciation is normally charged on many fixed assets because their value decreases over time due to use, wear and tear or technological obsolescence. Proper management of fixed assets helps reduce operational costs, improve customer service and maintain an attractive shopping environment. Current assets are assets that are expected to be converted into cash, sold or consumed during the normal operating cycle of the business, generally within one year. These assets are directly associated with the day-to-day operations of a retail store. They are more liquid than fixed assets and play an important role in maintaining the working capital of the business. The most important current asset in retailing is inventory or stock. Inventory includes the goods purchased by the retailer for resale to customers. For example, a departmental store may hold clothing, groceries, cosmetics, household products and electronic goods as inventory. Cash in hand, bank balances, short-term investments and accounts receivable are other examples of current assets. Inventory management