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Definition of Assets and Liabilities

Antique Jain:- Why are assets on the right and liabilities on the left side of the balance sheet? Arbit Choudhury:- Because when you have exercised all the Rights over your assets; you are Left with only liabilities.

Antique Jain:- Why are assets on the right and liabilities on the left side of the balance sheet? Arbit Choudhury:- Because when you have exercised all the Rights over your assets; you are Left with only liabilities.
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