what is Assets & Liabilities ?
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Answer / pravin kamble
Liabilities :- All the things for which we are suppose to
pay to sombody.
Asset :- All the the things for which we made investment &
we are receiving direct or indirect income.
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / urvashi sharma
assets are that things comapany owns
liability are that part of balance sheet which tells how
much a company has to payments
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / piramu
Liability means what are the source we are collect the fund
(fe)shares, Debenture, Loan from bank
we have to pay the moneny from the business income
the contributers will get the income by way of interest,
profit (who invest share's they are called owener)
Assets means how we are using the fund
where wear we invest the fund in order to effective utilse
the fund - through this only we can run the business and
get the profit
| Is This Answer Correct ? | 1 Yes | 2 No |
why we have to post loss on assets side
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