Question

what will happen if assets are greater than liabilities??
and please answer according to the country
no Google answers...........
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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.