Assets and Liabilities Homework Help

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There is a document called balance sheet that is made at the end of the accounting period to execute all the expenses, revenues, debits and credits of the company. In the balance sheet there is a mention of assets and liabilities too. They are no different from debits and credits. Assets are the stuffs that a company own and hence future benefits can be extracted from them. Liabilities are the stuffs that a company owes to others. In this article for assets and liabilities homework help we discuss them in details.
 

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Assets vs. liabilities

 

In short terms if we want to say, assets put money in company’s pockets while liabilities take it out. The equity of a company is assumed to be increased if assets are gained but is lost when liabilities are gained. If the assets over powers the strength of liabilities, it is actually good for the financial health of the company. Our assets and liabilities homework help writers have assembled a few examples of assets and liabilities below.
 

ASSETS LIABILITIES
• CASH BANK DEBTS
• INVESTMENT MORTGAGE DEBTS
• INVENTORY MONEY OWED TO SUPPLIERS
• OFFICE EQUIPMENTS WAGES OWED
• MACHINERY TAXES OWED
• REAL ESTATES
• COMPANY OWNED VEHICLES
 

What is liquidity?

 

It’s the liquidity power of an asset that recognizes how well the assets can be turned into cash. If it can be turned quickly into cash it can cover the liabilities. Our assets and liabilities homework help experts say that the most liquid asset is the current asset.
 

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