For instance, a company's property, cash, accounts receivable, and inventory are examples of assets. Salaries, money to be paid to suppliers, and interest owed on debt are examples of liabilities. The table below further summarizes the difference between assets and liabilities: Assets and liabilit...
compare asset — contingent liability : an amount that may or may not be owed depending on the outcome of a contingency (as a cosigner's default on a loan) — fixed liability : a liability (as a bond or mortgage) that does not mature for at least one year from the date incurre...
See All 7 Pairs of Commonly Confused Words What's the difference between 'fascism' and 'socialism'? More Commonly Misspelled Words Words You Always Have to Look Up Your vs. You're: How to Use Them Correctly Popular in Wordplay See All ...
What is a contingent asset? Why does commitment and contingencies appear on the balance sheet without an amount? When should a product warranty liability be recorded? In least squares regression, what do y and a represent? Related In-Depth Explanations Adjusting Entries Balance Sheet Book...
Assets are anything that have value. Your house, car, checking account, and the antique china set your grandma gave you are all assets. Companies figure up the dollar value of everything they own and put it under the asset side of the balance sheet.Liabilities are the opposite ...
Though aquaculture households had slightly larger landholdings than non-aquaculture households, this difference was not significant (t-test; P > 0.05). Both aquaculture and non-aquaculture households had diverse livelihoods including poultry Is aquaculture an asset or a liability? A variety of coping ...
FindingsBusiness case arguments operate according to three root metaphors of human difference: human difference as asset, human difference as liability and human difference as possibility. This challenges existing literature that treats the business case as a monolithic discourse.Research limitations/...
Liabilities are made up of current (less than a year) and long term sections, while equity is composed of three sections, namely paid-in-capital, drawings and retained earnings. A liability may be a contra asset, whose regular entry is a debit one as oppose to credit. ...
Asset/liability management is also used in banking. A bank must pay interest on deposits and also charge a rate of interest on loans. To manage these two variables, bankers track thenet interest marginor the difference between the interest paid on deposits and interest earned on loans. ...
Both businesses and individuals can have liabilities. Your loan is a liability if you borrow money to purchase a car. The portion of the vehicle that you’ve already paid for is an asset. Financial liabilities can be either long-term or short-term depending on whether you’ll be paying the...