did assets generate the liability or liability generate
assets?
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Answer / rohit roy
when a company get started or opened then a liabilities is
made on behalf of the company to the propitor.in against
this liabilities the cash balance is made which is the
assets of that company.
here liabilities generates assets.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / rahul
at the time of purchasing assets, the payment of assets is
made by cash or credit and credit purchases becomes the
liabilities.and some expenses are prepaid that becomes
assets.
| Is This Answer Correct ? | 2 Yes | 3 No |
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