Question

define assest and liabilities​

Answer 1

Assets is anything which is in the property of business enterprise

Liabilities is anything that us taking money out of ur pocket

Hope this helps ✌

Answer 2

Explanation:

In the simplest form assets are the items your company owns that can provide future economic benefit . Liabilities are what you owe other parties that means assets are what you give to business and liabilities are money you take out.