Question

meaning of liability and assets​

Answer 1

Answer:

In its simplest form, your balance sheet can be divided into two categories: assets and liabilities. Assets are the items your company owns that can provide future economic benefit. Liabilities are what you owe other parties. In short, assets put money in your pocket, and liabilities take money out!

Explanation:

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Answer 2

Answer:

liability : the state of being responsible for something . ( किसी बात का उत्तरदायित्व )

assets : a person or thing that is useful for something or somebody . ( उपयोगी व्यक्ति या वस्तु )

Explanation:

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