What is the difference between a company's assets and liabilities?

Assets and liabilities are the two parts of a company's assets and liabilities. They must appear, in the form of two columns, in its accounting balance sheet and make it possible to assess its value by allocating the inflows and outflows of funds.

The asset includes all property and rights owned by the company, such as buildings, goodwill, equipment, receivables, patents filed.

It distinguishes between fixed assets (e.g. goodwill, equipment) and current assets (e.g. inventory, personnel, receivables, bank balance payable).

Assets have a positive economic value (input of resources).

Liabilities consists of equity (fixed liabilities) and liabilities (current liabilities).

Unlike assets, liabilities have a negative economic value (outflow of resources).

In a normal accounting balance sheet, assets must always equal liabilities.