Level 3 Session 3 Assets-Liability

An Internet Bill ?

• Asset

• Liability

Your Car which you rented out to someone...

• Real Asset

• Real Liability

Personal Car used by you

• Real Asset

• Real Liability

The laptop used to make Apps for putting on PlayStore

• Asset

• Liability

Jewellery

Is it a Real Asset or a Real Liability ??????

• Real Asset

• Real Liability

Truck owned by a Transport Company

• asset

• liability

Home owned and rented out

• asset

• liability

Bank loan

What it is ?

• asset

• liability

Furniture.

Is it a Real Asset or a Real Liability ??????

• asset

• liability