Figure out the difference between liabilities and assets, what is the difference between assets and

1. Assets. Assets are economic resources owned or controlled by an enterprise that can be measured in monetary terms. For example, cash, bank deposits, etc.; There are also raw materials, finished products, semi-finished products, fixed assets and other things; Patents, trademarks, etc. are also assets, and investment is also an asset.

Assets need to be able to be controlled, renting other people's things cannot be counted as one's own assets, and renting to others, although not in one's own hands, is still counted as one's own assets. Assets must be measurable in monetary terms and must be economic resources. The so-called economic resources are things that can make money.

Machines that are as obsolete as they are should not be recorded as assets.

2. Liabilities. Liabilities are debts incurred by an enterprise that can be measured in monetary terms and need to be repaid later with assets or services. It is divided into current liabilities and long-term liabilities.

Current liabilities generally refer to debts that are repaid within a business cycle for a short period of time, generally within one year or longer than one year, and longer than this is long-term liabilities. If short-term borrowings are current liabilities, bank loans with a maturity of several years are long-term liabilities. Only current and past operations will form current debts.

Debts arising from operations that are expected to occur cannot be treated as accounting obligations. A liability is an economic responsibility to be paid in the future, even if there is no currency now. For example, interest on borrowings is generally paid semi-annually, but it is recorded every month, and the interest payable is treated as a liability.

Liabilities must be valuable and substantiated to be paid at a later date in cash or other assets or services.

3. Accounting balance formula: assets = liabilities + owners' equity.

If you want to be rich, then you have to distinguish between assets and liabilities.

Assets refer to the resources that are formed by the past business transactions or various events of the enterprise, which the enterprise has ownership or control, and are expected to bring economic benefits to the enterprise, and can be accurately measured in money.

For example, it includes current assets (monetary funds, trading financial assets, receivables and prepayments, inventories) and non-current assets (long-term equity investments, fixed assets, intangible assets).

Liabilities are the result of past transactions or events of the enterprise, which are expected to result in the outflow of economic benefits from the actual obligations of the enterprise. In other words, the enterprise will have to pay it back one day.

Liabilities include current liabilities (short-term borrowings, payables and advance receipts) and long-term liabilities (long-term borrowings, bonds payable, long-term payables).

The relationship between assets and liabilities (assets = liabilities + owners' equity).

To put it simply, assets are those that can make money, putting other people's money in their own pockets.

Debt is the money you owe to others in order to make money, and when you make money, you have to put the money in your own pocket into someone else's pocket.

Assets are your existing fixed assets, bank deposits, cash in hand and various receivables, etc.; Liabilities are your payables. To put it simply, assets are your valuable things, and liabilities are the money you owe to others and other goods.

There is a difference between debt and debt:

1. The difference in its meaning: Liabilities refer to the current obligations of the enterprise formed by past transactions or events that are expected to lead to the outflow of economic benefits from the enterprise. It's the entire liability part of the balance sheet.

Debt generally refers to the debt formed by borrowing the actual amount of money from the outside, and it is generally interest-bearing. It can be understood as: interest-bearing liabilities.

2. Different nature: the liability value is the bill and other payables that should be paid in the balance sheet, which is interest-free payment. Debt, on the other hand, is an external loan or the like, which requires the payment of interest and the obligation to repay the debt when due, and the debt also includes part of the debt of the consortium.

Liabilities are essentially economic debts that an enterprise must repay after a certain period of time, and its repayment period or specific amount has been stipulated and restricted by contracts and laws and regulations when they occur or become annihilated, and it is an obligation that an enterprise must fulfill.

A debt is a provision of funds by a creditor to the debtor for interest and a commitment by the debtor to repay the funds at an agreed date in the future.

For example, operating liabilities such as accounts receivable are not debts.

3. The starting point is different.

Liabilities are the bills and other payables that should be paid in the balance sheet, which are interest-free payments, while liabilities are payments such as external loans, which require the payment of interest and the obligation to repay debts when due, and liabilities also include part of the debts.

1. Assets refer to the resources formed by the past transactions or events of the enterprise, owned or controlled by the enterprise, and expected to bring economic benefits to the enterprise. The main characteristics of the asset are:

1) Assets are formed by past transactions or events of the business. Past transactions or events include purchases, production, manufacturing practices, or other transactions or events. Transactions or events that are expected to occur in the future do not form assets.

2) Assets are resources owned or controlled by an enterprise. Owned or controlled by an enterprise means that the enterprise enjoys the ownership of a certain resource, or although it does not enjoy the ownership of a certain resource, the resource can be controlled by the enterprise.

3) The assets are expected to bring economic benefits to the enterprise. The expected economic benefit to the enterprise refers to the potential to directly or indirectly result in the flow of cash and cash equivalents into the enterprise.

2. Liabilities. Liabilities refer to the current obligations of an enterprise that are expected to result in the outflow of economic benefits from the past transactions or events of the enterprise. The main characteristics of liabilities are:

1) Liabilities are current obligations arising from past transactions or events of an enterprise. Current obligations refer to the obligations that the enterprise has assumed under the current conditions. Obligations arising from future transactions or events are not obligations at the time of cash and should be recognized as liabilities.

2) The repayment of liabilities is expected to lead to the outflow of economic benefits from the enterprise.