Question

what is assest and what is liability​

Answer 1

hi friend ,here is your answer

Accounting standards define anasset 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.

hope it helps u plz mark as brainlist

Answer 2

Answer:

asset are owners personal property

and liabilities are creditors