Crossword clue: Liability's opposite, on a balance sheet

June 28, 2024 2 views By Mangesh Ghogre

In accounting, liabilities are what a company owes to others, like debts or obligations. The opposite of liabilities is assets, which are things a company owns …

The Clue Liability's opposite, on a balance sheet
The Answer ASSET

In accounting, liabilities are what a company owes to others, like debts or obligations. The opposite of liabilities is assets, which are things a company owns that have value, such as cash, inventory, or property. On a balance sheet, assets and liabilities are listed separately to show the financial health of a business. Therefore, "asset" fits perfectly as the opposite of "liability."

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