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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
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 Accounting General interview questions  Accounting General Interview Questions (2813)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4364)
Question
differences between liabilities and assessts
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
an asset is a resource that is controlled by a business
entity.

liabilities are the financial obligations of business
except owners fund.
 
Is This Answer Correct ?    0 Yes 0 No
Anchit Saxena
 

 
 
 
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