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Obsolete asset is that asset which suddenly becomes obsolete due to any technological change or any reason and has no value while written down asset is asset which is usable asset with written down value

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What is the difference between a company's assets and its liabilities or its net assets is?

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Personal assets is assets that are owned by a person. Company assets are assets that are own by the company.


The difference between assets and liabilities is?

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What_is_the_difference_between_vouching_and_verification_of_assets_and_liabilities


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Is Net worth is the difference between your assets and your liabilities?

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