Question

what will happen if assets are greater than liabilities​

Answer 1

Answer:

If the business has more assets than liabilities – also a good sign. However, if liabilities are more than assets, you need to look more closely at the company's ability to pay its debt obligations. ... Equity is considered a type of liability, as it represents funds owed by the business to the shareholders/owners.

Explanation:

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Answer 2

If the business has more assets than liabilities – also a good sign. However, if liabilities are more than assets, you need to look more closely at the company's ability to pay its debt obligations. ... Equity is considered a type of liability, as it represents funds owed by the business to the shareholders/owners.

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