Assets: Assets are the resources that a company need to run the business. An assets is economic resources of the company.
Liabilities: Liabilities are generally the amount owned by the company from lenders, suppliers, or bank. These are the burden on the company that has to pay to others.
Equity: Each company needs finance to run the business. Equity is one of the method through which the company raise the capital.
a.
To compute: a. The amount of liabilities of C Company.
b. The amount of liabilities and equity of M Company.
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FINANCIAL ACCT.FUND.(LOOSELEAF)
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