Answer:
See below
Step-by-step explanation:
Assets are items of value that belongs to a business or a person. They are acquired through buying either on cash or credit. Assets can be inherited or received as presents. Assets are in the form of money, properties, or property rights
Liabilities are debts a business or person owes to third parties. They are unpaid obligations that should be settled when they become due or on-demand.
a. Loan from Muthoot Finance: Liability, money owed to Muthoot finance
b. Prepaid Insurance: Asset, Money paid for unused services.
c. Amount owing to a supplier: Liability, debt to the supplier
d. Accrued wages : Liability, Money owed to employees