Question

Which are liability and also asset

Answer 1

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Buddy..

Answer:

Asset/liability management is the process of managing the use of assets and cash flows to reduce the firm’s risk of loss from not paying a liability on time. Well-managed assets and liabilities increase business profits. The asset/liability management process is typically applied to bank loan portfolios and pension plans.

The concept of asset/liability management focuses on the timing of cash flows because company managers must plan for the payment of liabilities. The process must ensure that assets are available to pay debts as they come due and that assets or earnings can be converted into cash. The asset/liability management process applies to different categories of assets on the balance sheet.

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Answer 2

Assets are a company's resources—things the company owns. Examples of assets include cash, accounts receivable, inventory, prepaid insurance, investments, land, buildings, equipment, and goodwill.

Examples of liability accounts reported on a company's balance sheet include:

Notes Payable.

Accounts Payable.

Salaries Payable.

Wages Payable.

Interest Payable.

Other Accrued Expenses Payable.

Income Taxes Payable.

Customer Deposits.