what are the example of assets and liabilities? (easy Example)
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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!
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Explanation:
Cash, Account Receivable, Goodwill, Investments, Building, etc., Accounts payable, Interest payable, Deferred revenue etc
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