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The opposite of liability is asset. While liabilities represent obligations or debts that a person or organization owes to others, assets are resources or possessions that hold value and can generate income or provide future economic benefits. In financial terms, managing assets effectively can help offset liabilities and contribute to overall financial health.
What else can I help you with?
What is the opposite of defer?
change
What is the formula for sine function?
In a right triangle, its Opposite/Hypotenuse I always use: Soh (sin, opposite/hypotenuse) Cah (cosine, adjacent/hypotenuse) Toa (tangent, opposite/adjacent) Hope this helped! :)
What is the sum of 2X plus 1 and its opposite?
Zero. The sum of anything and it's opposite is zero, that's how an opposite is defined. In this case, the opposite of 2x + 1 is -(2x + 1) = -2x - 1 by the distributive property. Adding like terms, 2x + -2x + 1 +-1 = 0 + 0 = 0.
The trigonometric ratio cosine is equal to?
opposite over adjacent
What word is the opposite of gradual?
the answer is Suddenly, all at once.
Are notes payable an example of an asset?
no, they are an example of a liabilty
What is the normal balance of a liabilty account?
A liability account normally has a credit balance.
Why is liability insurance important in the medical office?
why is liabilty insurance important in the medical office
Does tesco plc have limited or unlimited liability?
it is a plc therefore it has unlimited liabilty, it's shareholders however, have limited liability.
How does failure to record interest affect assets?
if you haven't recorded it, nothing. If you have recorded it and not paid it, it becomes a liabilty such as 'interest payable'
When do we need car insurance?
Auto liabilty insurance is required by law whenever we operate a motor vehicle on public roads
What does it mean when a company goes limited?
when a company fixes the maximum liabilty of its members it is considered as being a limted company by share or gurantee.
Is there a difference between tenants policy insurance and renters insurance?
They are both the same thing. They cover your personal belongings and liabilty protection.
Principle that permitted individual investors to risk no more capital business venture than their own share of corporation's stock?
limited liabilty
What liabilty accounts are liabilities that naturally occur?
Accounts payable and accruals. Notes payable and other long term liabilities accounts are considered to be a financing activities.
Where is Chancel Insurance located?
Chancel Repair Liabilty insurance is a liability for some people that own property in England and Wales. Chancel Insurance is located in England, where it is very commonly known.
What companies have personal trainer insurance?
DGI offers liabilty insurance for personal trainers that have thier own small business. Chekc out thier website or give them a call for more information.
