Question

define:
assets
capital &
liability

Answer 1

Heya user!

Assets➡️Assets are the properties owned by an entity or enterprises.They are the economic resources of the business.
Example:: Land, buildings, machinery, furniture.

Capital➡️ Capital is the amount invested in an enterprise by the proprietor Uber partner in partnership business .It maybe in the form of money or assets having a monetary value .

Liability ➡️ Liability mean amount owed by the business .

Answer 2

Here is your answer dear:---

A balance sheet reports a company's assets,liabilities and owners equity at a specific point in time.Like the accounting equation,it shows that a company's total amount of assets equals to the total amount of liabilities plus owner's equity.


Hope it will help you.
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