Question

डिफरेंस बिटवीन लायबिलिटी एंड लायबिलिटी इंग्लिश​

Answer 1

Answer:

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Answer 2

Answer:

Assets

Liabilities

What does it mean?

Assets are items possessed by a business that will provide it benefits in future. Liabilities are items that are obligations for a business

Impact of Depreciation

Assets are depreciable in nature Liabilities are non-depreciable in nature

Formula used

Assets = Liabilities + Shareholder’s Equity Liabilities = Assets – Shareholder’s Equity

Impact on cash flow

It is responsible for generation of cash flow for a business It is responsible for outflow of cash from a business

Different Types

The different types of assets are tangible, intangible, current and noncurrent The different types of non-current liabilities are long term(non-current) and current liabilities

Examples

Cash, Account Receivable, Goodwill, Investments, Building, etc., Accounts payable, Interest payable, Deferred revenue etc.