In even simpler language: Assets give you money (positive value) and Liabilities take money away from you (negative value)

Asset is any resouce owned by the company for example building or other resources. The main point is does it provide future benefit for the company or not. You can owen such resources either through the use of your owen money or through borrowing. Liability is anything you owed to others. Example to buy a building you may borrow some amount of money from other so you expect to repay it back so until you will back it you should recorded as a liability

Asset is zemblo be company ser yale neger nw cash weyem ekawoch mnamn Liability demo mekfel yalbesh gin yalkefshewu neger nw in simple terms

Read rich dad poor dad bedenebe enedigebahe. Assets are things that put money in your pocket Liabilities are thing that take money out of you pocket