Answer: Cash: the value of bank, savings and money market accounts. Is completely liquid and is accessible.
Accounts receivable: the expected payments for products or services already sold. Accounts receivable aren't considered liquid, since they may be paid 30-60-90 days from the point of sale.
Inventory: the products in the warehouse are another asset. These are items that generate revenues, can be sold or liquidated. The value of inventory is thus considered an asset.
Personal assets include a house, car, investments, artwork, or home goods.