In Business studies. what the business owes the other is called what

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asked Jan 22, 2022 12.4k views

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Vicg · Answer 1 · 2022-01-25T04:53:06+0000

Answer:

Assets are what a business owns and liabilities are what a business owes. Both are listed on a company's balance sheet, a financial statement that shows a company's financial health. Assets minus liabilities equals equity, or an owner's net worth.

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In Business studies. what the business owes the other is called what

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In Business studies. what the business owes the other is called what