Question

explain the following in brief. 1. capital 2. assets 3. liabilites​

Answer 1

Answer:

don't know sorry I will tell after wards

Answer 2

Explanation:

In economics, capital consists of assets that can enhance one's power to perform economically useful work. For example, a stone or an arrow is capital for a hunter-gatherer who can use it as a hunting instrument; similarly, roads are capital for inhabitants of a city

Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).

In financial accounting, a liability is defined as the future sacrifices of economic benefits that the entity is obliged to make to other entities as a result of past transactions or other past events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future.