Answered

IDNLearn.com: Where curiosity meets clarity and questions find their answers. Join our community to receive prompt, thorough responses from knowledgeable experts.

the difference between personal assets and personal liabilities

Sagot :

Answer:

Assets include the value of securities and funds held in checking or savings accounts, retirement account balances, trading accounts, and real estate. Liabilities include any debts the individual may have including personal loans, credit cards, student loans, unpaid taxes, and mortgages.

Explanation:

RevyBreezeidn

Answer:

Assets: include the value of securities and funds held in checking or savings accounts, retirement account balances, trading accounts, and real estate.

Liabilities: include any debts the individual may have including personal loans, credit cards, student loans, unpaid taxes, and mortgages.

Difference between Assets & Liabilities:

Assets are what a business owns and liabilities are what a business owes. Both are listed on a company's balance sheet, a financial statement that shows a company's financial health. Assets minus liabilities equals equity, or an owner's net worth.

Thank you for contributing to our discussion. Don't forget to check back for new answers. Keep asking, answering, and sharing useful information. IDNLearn.com is your reliable source for accurate answers. Thank you for visiting, and we hope to assist you again.