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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