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What are the asset and liability with help of examples?

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Anonymous

 ∙ 12y ago
Updated: 9/18/2023

Assets are those items which business uses to earn revenue like propery, plant, equipment, inventory, cash etc.

Liaibities are those items which is payable by company to third parties or owner of business like owners capital , accounts payable, bonds payable etc.

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Wiki User

 ∙ 12y ago

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