Question

+the difference between Liabilities and assets result ....
i. creditors
ii. debentures
iii. profit
iv. capital

Answer 1

an asset as something your company owns that can provide future economic benefits. Cash, inventory, accounts receivable, land, buildings, equipment -- these are all assets. Liabilities are your company's obligations -- either money that must be paid or services that must be performed. A successful company has more assets than liabilities, meaning it has the resources to fulfill its obligations. On the other hand, a company whose liabilities exceed its assets is probably in trouble.