Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is an asset and liability ?

Answer Posted / puja

According to its perfect definition in simple words ASSETS
are "Anything of material value or usefulness that is owned
by a person or company" and LIABILITIES are "An obligation
to pay money to another party or the state of being legally
obliged and responsible"

Is This Answer Correct ?    3 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is credit card?

1049


What is proprietary ratio?

966


How To Create User Account?

1038


Do you think insurance companies suffer from risks?

1047


What are overheads?

1061


Explain debt equity ratio. What are its components?

1079


Can you differentiate between cheque and draft?

1008


Differentiate between Equity Capital and Preference capital?

1059


Define the role of IT Officer in Banking sector?

986


Explain sovereign wealth fund.

1057


What do you know about equity market?

1095


what are the two pre-defined ledger available in Tally ERP 9?

1200


What is 'bill of exchange' (boe)?

1092


What leads assets to turn into a private equity?

1089


Tell about educational background.

997