Question

the difference between Assets and liabilities of a trade is called​

Answer 1

Answer:

The main difference between assets and liabilities is that assets provide a future economic benefit, 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.

Answer 2

Answer:

the difference between assets and liabilities of trade is called equity

Explanation:

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