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Liabilities are been responsible for something. Assets is been able to own something.

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Agnes Considine

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3y ago

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Assets equal liabilities?

Yes assets are equal to liabilities. As liabilities are source of financing either inform of equity or inform of debt. With help of liabilities (equity+debts) assets are financed.


Why liabilities is equal to assets?

Liabilities are been responsible for something. Assets is been able to own something.


Is owners equity equal to the business liabilities less the business assets?

No. Owners Equity is equal to Business Assets less Business Liabilities.


How do you determine assets when given liabilities?

assets are equal to liabilities (if you exclude capital, if however you are given the capital figure you have two options 1, add it to the liabilities figure OR 2, subtract it from the assets figure)


Why is Liabilities Capital always equal to Assets?

Liabilities and capital (or equity) together represent the sources of financing for a company's assets. According to the accounting equation, Assets = Liabilities + Equity. This equation reflects the fundamental principle that all assets owned by a company are financed either by borrowing (liabilities) or through the owners' investments (equity). Therefore, the total value of liabilities and equity must always equal the total value of assets.


Why Liability equals Assets - Owners Equity?

Because Assets equal to Liabilities plus Capital: ASSETS= LIABILITIES + CAPITAL This is a Mathematical equation, try to figure it out by your own.


If equity is 300000 and liabilities are 192000 then assets equal?

108000


Is stockholder's equity plus accounts receivable bank load equal liabilities?

No, stockholders' equity plus accounts receivable does not equal liabilities. Stockholders' equity represents the owners' claim on the assets after liabilities are subtracted, while accounts receivable is an asset reflecting money owed to the company. The accounting equation states that assets equal liabilities plus equity (Assets = Liabilities + Equity). Therefore, liabilities are calculated as assets minus equity, not by adding stockholders' equity to accounts receivable.


What is the formula for net assets?

The total assets (balance) equal the sources of funding for resources; liabilities (external borrowings) and equity (owners' contributions and earnings from firm operations).


What is Assets minus Liabilities equal?

Assets(minus)lliabilities=Owner equity


Capital Employed is equal to?

Capital Employed = Fixed assets + current assets - current Liabilities


Do assets equal liabilities on condo balance sheet?

Yes, they should.