MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Current Liabilities

What are exam...

Question

What are examples of liabilities and assets?

Open in App

Solution

Examples of liabilities and assets are:

Liabilities:

Accounts payable

Loans

Deferred revenue

Assets:

Land

Furniture

Vehicle

Also read:

What Is a Fixed Asset

What Are Current Assets

What Are Current Liabilities

Non Current Liabilities

Learn about more questions and answers on business studies and various other commerce topics from our website.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Give one example of each of the following transactions:
(i) Increase in an asset and a liability.
(ii) Decrease in an asset and a liability.
(iii) Increase in assets and capital.
(iv) Decrease in assets and capital.

Q. What are 'Quick Assets' and 'Quick Liabilities' ? Explain with an example.

Q. Why should assets and liabilities be revalued on the reconstitution of a partnership firm? Explain briefly giving examples.

Q. what is difference between NON CURRENT ASSETS and NON CURRENT LIABILITIES

Q. ABC Co. has current assets of ₹50,000 and total assets of ₹1,50,000. It has a current liabilities of ₹30,000 and total liabilities of ₹80,000. What is the amount of the shareholders' fund?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Non-Current and Current Liabilities

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Current Liabilities

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon