did assets generate the liability or liability generate assets?

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did assets generate the liability or liability generate
assets?

Question Posted / anand

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did assets generate the liability or liability generate assets?..

Answer / dayal singh

both can be

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did assets generate the liability or liability generate assets?..

Answer / santosh kalburgi

Both are created simultaneously.

Is This Answer Correct ?

2 Yes

2 No

did assets generate the liability or liability generate assets?..

Answer / rohit roy

when a company get started or opened then a liabilities is
made on behalf of the company to the propitor.in against
this liabilities the cash balance is made which is the
assets of that company.
here liabilities generates assets.

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1 Yes

1 No

did assets generate the liability or liability generate assets?..

Answer / jaikkishan

if liability is there than asset will form

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0 No

did assets generate the liability or liability generate assets?..

Answer / rahul

at the time of purchasing assets, the payment of assets is
made by cash or credit and credit purchases becomes the
liabilities.and some expenses are prepaid that becomes
assets.

Is This Answer Correct ?

2 Yes

3 No

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