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Assets and liabilities are fundamental concepts in finance and business as they represent opposite sides of a balance sheet. 👀 Let’s break it down: 1. An asset is something of value owned or controlled by an individual, company, or entity that is expected to provide future economic benefits. (Think investments, or property). The contribute positively to your financial position and reflect ownership and control over resources. 📈 2. A liability is a financial obligation or debt that an individua
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