Assets are resources owned by a company while liabilities are debts owed by a company.

• Assets are things that a company owns and has value, such as property, equipment, and cash.

• Liabilities are debts t...read more

Assets are items possessed by a business that will provide it benefits in future

Liabilities are items that are obligations for a business

Assets are deprciable in nature.. Liabilities are non deprciable in nature

Assets are deprciable in nature .. Liabilities are non deprciable in nature

Asset which is owning the company Liability which is to owe to the company