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    4. what is the difference between assets & liabilities in small business
    what is the difference between assets & liabilities in small business

    I need to provide a list of the types and amounts of each liability and asset of the business as i cannot provide a balance sheet, how do I work out what is asset and what is liability?


     

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    0  Views: 1171 Answers: 2 Posted: 14 years ago
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      2 Answers

      An asset is anything of value that your company owns — including cash.


      Anything a company owes to people or businesses other than its owners is considered a liability.

      14 years ago. Rating: 1
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        And speaking outside of the balance sheet, employees can either be an asset or a liability to the company...they really, really can be!

        14 years ago. Rating: 0
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