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100.00 Dollar US$ What are assets and liabilities and their classification? Knoxville

Published date: December 20, 2025
  • Location: Knoxville, Knoxville, Tennessee, United States



 





In simple terms, assets are what a company owns, and liabilities are what a company owes to other parties. Assets put money into a company, whereas liabilities take money from the company. Assets increase the value of a company's equity while liabilities decrease it.



Keywords: Accounting Services Knoxville
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