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Assets are things you have, or expect to have (cash, inventory, accounts receivable). Liabilities are things you will have to give away (Accounts Payable, dividends to be paid, etc).
Emie Howe
Wiki User
∙ 13y agoIn the general sense, assets are things of value that you have. Things that may have future economic benefit. Cash is an example.
Liabilities is something that has "negative" value because it's something you owe. Debts are example of a liability.
Wiki User
∙ 11y agoWhat you own are assets . What you owe are liabilities
Wiki User
∙ 12y agoAssets are things you have, or expect to have (cash, inventory, accounts receivable). Liabilities are things you will have to give away (Accounts Payable, dividends to be paid, etc).
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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 a company's assets and its liabilities or its net assets is?
Equity
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.
What is the difference between vouching and verification of assets and liabilities?
What_is_the_difference_between_vouching_and_verification_of_assets_and_liabilities
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.
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 a company's assets and its liabilities or its net assets is?
Equity
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.
What is the difference between vouching and verification of assets and liabilities?
What_is_the_difference_between_vouching_and_verification_of_assets_and_liabilities
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.
The difference between assets and liabilities is called?
Net Worth or Equity
How does profit link with changes in assets and liabilities?
Profit is the difference between your assets and liabilities if you have $30,000.00 in assets and $20,000.00 in liabilities = you would have $10,000.00 in profit If you have 22,000.00 in Assets and $30,000.00= you would have $-8,000.00 in loss can be written as ($-8,000.00) usually in Red hope this helps
Differentiate between physical assets from physical liabilities?
differentiate between physical assets from physical liabilities
How do you calculate overdraft?
it is the difference between current assets and current liabilities which is the working capital gap
What is current liabilities to total assets ratio?
Current liabilities to total assets ratio is the comparison between total assets in business with current liabilities in business.
Is shareholders equity include in the total liability?
By definition, the answer is no.Total liabilities include current and long term liabilities and the sum is "Total Liabilities".Looking at the definition below, the difference between "total liabilities" and "total assets" results in the SH equity.Shareholders' Equity = Total Assets - Total Liabilities
What is the difference between total current assets and total current liabilities is?
the difference between total current assets and total liability is the working capital. It goes with a formula 'current asset -current liability =working capital '
