which of the following terms have a similar definition?\nassets and liabilities,\nliabilities and…
which of the following terms have a similar definition?\nassets and liabilities,\nliabilities and debt.\nexpenses and income:\nassets and spending.
Answer
Brief Explanations:
- Assets: Resources owned by a company or individual with economic value.
- Liabilities: Debts or obligations owed by a company or individual.
- Debt: A sum of money that is owed and has to be repaid, which is a type of liability.
- Expenses: Costs incurred in the normal course of business to generate revenue.
- Income: Money received, especially on a regular basis, for work or through investments.
- Spending: The act of using money to buy goods or services.
Answer:
Liabilities and Debt.