Question

Assets and Liabilities can be classified as?​

Answer 1

Answer:

Similarly, assets with a physical existence are categorised as tangible assets. Resources like stock, land, building, office supplies, equipment, machinery and marketable securities, among others are functioning examples of tangible assets.

Explanation:

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Answer 2

Answer:

assets:

currency assets and fixed assets

tangible and intagible assets

operating and non operating assets

liabilities:

current liabilities

non current liabilities

contigent liablities

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