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5. What is the difference between your assets and your liabilities known as?
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33 votes
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5. What is the difference between your assets and your liabilities known as?

User Nikolay Makhonin
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2 Answers

22 votes
22 votes

Answer:

assets are things that you might need, or are more important. Liabilities are things that are extra.

Step-by-step explanation:

User MrFlick
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18 votes
18 votes

Answer:

The difference between your assets and your liabilities is known as either your profit or loss.

User Matt Coarr
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