Discussion – Assets and Liabilities Account

August 23, 2021/in Uncategorized /by Peter

As we are aware, assets are the economic resources of a company while liabilities are claims of creditors on the resources of a company. With that definition and understanding, find an account that can appear under Assets as well as Liabilities in a Balance Sheet.Explain why or why not this will be possible

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Discussion – Assets and Liabilities Account

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