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The difference between assets and liabilities is called?
Net Worth or Equity
How do you calculate overdraft?
it is the difference between current assets and current liabilities which is the working capital gap
What is the difference between short term and long term liabilities?
Short term liabilities have a 'life span' of 12 months or less. Long term liabilities have a 'life span' of greater than 12 months.
Differentiate between physical assets from physical liabilities?
differentiate between physical assets from physical liabilities
What is the difference between liquidity and equity?
Starting from your basic accounting balance sheet, you have 3 categories: Assets, Liabilities, and Equity. Your equity is the difference between your Assets and your liabilities. Liquidity refers to how easy you can convert an asset into cash. Houses would be illiquid and things like stocks are probably more liquid.
What is the difference between past service liabilities and future service liabilities?
Past service liabilities refer to unfunded benefits earned by employees before the inception of a pension plan. Future service liabilities represent the estimated cost of providing benefits to employees for their future services during their remaining period of employment.
The difference between assets and liabilities is?
assets are what the business owned and liabilities are what the business owe.
What is the difference between vouching and verification of assets and liabilities?
What_is_the_difference_between_vouching_and_verification_of_assets_and_liabilities
Is Net worth is the difference between your assets and your liabilities?
Yes - it's the sum of your assets minus the sum of your liabilities.
The difference between assets and liabilities is called?
Net Worth or Equity
What is the difference between a company's assets and its liabilities or its net assets is?
Equity
What is the difference between liabilities provisions and contingent liabilities?
Provision made for known or specified liabilities which may occur in future is provision for liabilities whereas Contingent liabilitiy is provision made for unknown liabilities which may or may not occur in future.
What are the difference between long term liabilities and short term liabilities?
Long term liabilites are liabilities that are not due within 12 months (or within a year) and short term are those that are.
What is the difference between outstanding assets and outstanding liabilities?
Outstanding assets are assets that are owed to an individual or business. Outstanding liabilities are debts that ill be incurred in the future.
What are the difference between co-operative society and joint stock company?
they ave unlimited liabilities
How do you calculate overdraft?
it is the difference between current assets and current liabilities which is the working capital gap
What is the difference between short term and long term liabilities?
Short term liabilities have a 'life span' of 12 months or less. Long term liabilities have a 'life span' of greater than 12 months.
