Balance Sheets: 03. Assets and Liabilities
Interactive

Balance Sheets: 03. Assets and Liabilities

ej4
Updated Apr 29, 2020

We know that assets and liabilities are two important sections that make up a balance sheet. But what exactly constitutes an asset? Or a liability? There are many things that may or may not qualify, so this course is designed to help you determine what should and should not be included. We'll discuss the two categories of assets and two categories of liabilities.