Question

what is assets, liability and capital?​

Answer 1

Answer:

Assets are the economic resources belonging to a business. ... This asset is known as debtors. Capital is the value of the investment in the business by the owner(s). It is that part of the business that belongs to the owner; hence it is often described as the owner's interest.Liabilities are the debts owed by the firm.

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Answer 2

Explanation:

Assets are the economic resources belonging to a business. ... This asset is known as debtors. Capital is the value of the investment in the business by the owner(s). It is that part of the business that belongs to the owner; hence it is often described as the owner's interest. Liabilities are the debts owed by the firm.

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