Question

An excess of assets over liabilities. Answer in a word / phrase / term.

Answer 1

Hey mate ✌️✌️

An excess of assets over liabilities⤵️⤵️⤵️

Business Profit.

Answer 2

Answer:

An excess of assets over liabilities is referred to as solvency. This means that a company or organization has enough funds to clear all its debts and obligations.

In the case of any business, there are two important terms- assets and liabilities. While assets refer to the possessions of a company that has economic value and is used to clear all dues and bring about profits, liabilities refer to a company's debts and obligations.

When assets are greater than liabilities, it is a good sign, however, the opposite indicates that the company is heading towards a loss.