Question

difference between liability and asset

pls guys answer me easily so that l can understand ok and please explain these two difference with examples please explain easily

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Answer 1

Answer:

assets are items that benefit a company economically, such as inventory, buildings, equipment and cash. They help a business manufacture goods or provide services, now and in the future. Liabilities are a company's obligations—either money owed or services not yet performed.

Explanation:

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Answer 2

Answer:

assets are items that benefit a company economically, such as inventory, buildings, equipment and cash. They help a business manufacture goods or provide services, now and in the future. Liabilities are a company's obligations—either money owed or services not yet performed.

Explanation:

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