Question

Match the balance sheet entries on the left with their corresponding real-

world features on the right.
Net worth
Property

Liability
Debt
Asset
Equity

Answer 1

the correct answer is,

1. Net worth: Equity
2. Property : Asset
3. Liability : Debt

Step-by-step explanation:

in real world, only the terms are different. yet the concepts and how the numbers are calculated are the same.