Question

☺Heyaa everyone☺

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what is difference between assets and liabilities?


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Answer 1

The main difference between assest and liabilities is that assest provide us future economic benefits whereas liabilities provides us future obligations..

Answer 2

Hey here is your answer :

The main difference between assests and liabilities is that assests provide a future economic benefits while liabilities present a future obligation .... The aggregate difference between assets and liabilities is equity which is the net residual ownership of owners in a business .....

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