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Answer Posted / nutan chavan
ASSETS WHICH COMES ON CREDIT SIDE OF BALANCESHEET
LIABILITIES WHICH COMES UNDER DEBIT SITE OF BALANCESHEET
ASSETS MEANS THE PROPERTY OF COMPANY
LIABILITES MEANS COMPANY HAVE TO PAY TO SHAREHOLDERS,
CREDITOR, DEBENTUREHOLDER,
FOR EX. FIXED ASSETS LIKE FURNITURE, BUILDING, DEBTORS,
INVESTMENT, CASH
LIABILITIES EQUITY, PREFERANCE SHARE, DEBENTURE, RESERVE
AND SURPLUS
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