No products in the cart.

Difference between assests and liability?

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Difference between assests and liability?
  • 2 answers

Samar Gagneja Panjabi Boy Samar 5 years, 11 months ago

Assets is our property Like machinery , furniture etc. Liability is our responsibility like bills payable, creditors etc.

Anushka Shrivastava 5 years, 11 months ago

Liability basically means "responsibility",it increases burden. Whereas assets are ur strengths like property, land, factory etc.
https://examin8.com Test

Related Questions

What is deficit ?
  • 1 answers
Explain the limitation of GDP as wellfare
  • 1 answers
Economics project on function of RBI
  • 0 answers
Economic Reforms Since 1991 notes
  • 0 answers
Trends in credit availability
  • 0 answers
Two types of marke diagram and explanation
  • 0 answers
What is receipt?
  • 0 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Download myCBSEguide App