Define assets and liabilities and give an example

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asked Oct 27, 2022 203k views

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Alexey Berezuev · Answer 1 · 2022-10-30T04:03:11+0000

Assets are things of value a person or company owns that provides an economic benefit to them e.g. machinery. Liabilities are what a person or company owes (debts) e.g. loan.

Define assets and liabilities and give an example

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