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Assets, Liabilities and Capital (Assets (Examples (Cash (on hand, at bank)…
Assets, Liabilities and Capital
Assets
Monetary value
benefit to business
Examples
land
building
Machine
Cash
on hand
at bank
Trade receivables
NOT employees
Liabilities
Money owed
businesses
Institutions
Example
Trade payables
Loans
Bank overdrafts
Capital
Owner's own resource
Private funds
Accounting equation
Assets = Capital + Liabilites