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Differentiate between financial and physical assets?
Physical assets are plant, machinery, tools, land, building e.t.c where as financial assets include cash, shares, bonds, marketable securites, financial assets are used to purchase Physical asstes.
What is the importance of understanding the difference between assets and liabilities according to Robert Kiyosaki?
Understanding the difference between assets and liabilities is important according to Robert Kiyosaki because it helps individuals make better financial decisions and build wealth. Assets put money in your pocket, while liabilities take money out. By focusing on acquiring assets and minimizing liabilities, individuals can increase their wealth and financial stability.
The difference between assets and liabilities is called?
Net Worth or Equity
Can you explain the difference between assets and liabilities?
Assets are things of value that a person or company owns, such as cash, property, or investments. Liabilities are debts or obligations that a person or company owes to others, such as loans or unpaid bills. In simple terms, assets are what you own, while liabilities are what you owe.
What is the difference between assets and liabilities according to Robert Kiyosaki?
According to Robert Kiyosaki, assets are things that put money in your pocket, while liabilities are things that take money out of your pocket. In other words, assets generate income for you, while liabilities require you to spend money on them.
The difference between assets and liabilities is?
assets are what the business owned and liabilities are what the business owe.
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.
Differentiate between financial and physical assets?
Physical assets are plant, machinery, tools, land, building e.t.c where as financial assets include cash, shares, bonds, marketable securites, financial assets are used to purchase Physical asstes.
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 a company's assets and its liabilities or its net assets is?
Equity
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.
Differentiate between capital expenditure and recurrent expenditure with example?
capital expenditures is expenses on assets and infrastructure while recurrent expenditure is expense on liabilities or things that keep on happening
What is physical liabilities?
Physical liabilities refer to tangible obligations or debts that a company or individual has, typically associated with physical assets. These can include loans taken out to purchase equipment, real estate, or inventory, which require repayment over time. Physical liabilities may also encompass obligations related to maintenance, repairs, or disposal of physical assets. Managing these liabilities is crucial for maintaining financial health and operational efficiency.
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
What's the relationship between current liabilities and current assets?
Solvency. A company is considered solvent if it's current assets exceed it's current liabilities. A company is considered to be insolvent if their current liabilities exceed their current assets.
How can you tell the financial standing from assets and liabilities?
Logically, your liabilities taken away from your assets would show you your financial standing: assets - liabilities = how much money you have If your liabilities are greater than your assets, your answer will be negative and you're in debt. If your assets are greater than your liabilities, your answer will be positive and you have enough assets to get rid 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
