Which of the following is NOT considered an asset?

Burial plots are typically categorized differently than bank accounts, bonds, and real estate properties, which are considered assets on a balance sheet. An asset is generally defined as anything of value or a resource that can be owned or controlled to produce value. While burial plots do have value, they are not usually classified as liquid or readily accessible assets that can be easily converted into cash or used to fulfill financial obligations.

Bank accounts represent cash assets that provide liquidity. Bonds are financial instruments and investments that yield a return over time, thus categorized as financial assets. Real estate properties, such as homes or commercial buildings, are significant investments that can appreciate in value, making them tangible assets. Burial plots, on the other hand, are more personal and often viewed in the context of expenses rather than assets available for immediate financial benefit, which is why they stand out as not fitting the common definition of an asset in this scenario.