Answer / phillip theiss

the simple answer to this is what a company owns is an
asset and what a company owes is a liability.

Answer / siddiqui

Asset is nothing but property of the business, while
liability is nothing but the amount which we are liable to
the outsiders.

Answer / chandana

Asset means which is not meant for resale and which is used
in the business for a longer period. For example Land,
building, furniture, building , goodwill etc.
Liability means the amount which the company is liable/
payable to the outsiders. For example creditors, bills
payable etc.

Answer / puja

According to its perfect definition in simple words ASSETS
are "Anything of material value or usefulness that is owned
by a person or company" and LIABILITIES are "An obligation
to pay money to another party or the state of being legally
obliged and responsible"

Answer / ranjani

any expenditure , the benefit of which runs for a more than
a year is an asset. Liability means all the expenditure
which is not yet paid by the entity.

Answer / anshuman

An asset is an instrument that a company uses to generate
income, Assets can be fixed assets as in case of property,
building, machinery etc . Assets also comprise of the work
in progress, cash in hand, cash in banks, debtors and
investments.
In Banking terms assets are what a bank holds Or ows such as
Loans issued, government securities, Reserves etc.
Liabilities is what a company owes to the creditors such as
the deposits with a bank, creditors, prepaid installments etc.
Current assets are the assets which are easily available at
the disposal of the company within a time frame of 12 months
similarly the current liabilities are the obligation of a
company within the time span of 12 months.

Answer / nir

Any Thing which has some value is called Asset..

Liabilties are the debt obligations to the debt holders.

Can Filing Bankruptcy Stop Bill Collectors From Calling?

0 Answers  

What is current CRR and SLR?

0 Answers   IBPS,

full name of axis bank

7 Answers   Axis, Axis Bank, ICICI, QUE,

what is mortgage processing?

2 Answers  

Compare registered vs. Bearer debentures.

0 Answers  

Explain what are ETF’s? What is the advantage of it?

0 Answers  

Examine the marits and Limitations of the obsrvation method in collecting data. Illustrate your answer with suitable example.

0 Answers  

Why should we give this job to you?

0 Answers   Nabard,

hi, i want to know why the FII's foreign institutional investors want to invest in another ie India bcoz as we know that the currency of india is lower than the foreign then are the factors make them to inevst here(india)

1 Answers  

Do you have an aptitude test for new entrants I would like to take one

0 Answers   JPMorgan Chase, RBS,

Suppose to top five gainers on BSE same company can loser on NSE?

0 Answers   Mercedes Benz,

if a person having bussiness of advertising total income is 2.lacs but the in that amount it also includes amount for the material(colour) that has pusrhased and labour charges so do we have to pay the income tax on the material amount and labour charges

0 Answers