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Anonymous asked in Business & FinanceCorporations · 1 decade ago

Give examples of assets,liabilities?

give some example of assets and liabilities of an airline company like america airlines, Pakistan international airlines etc

1 Answer

  • peter
    Lv 6
    1 decade ago
    Favorite Answer

    Assets are items that earn the company money. i.e The aircraft, and the machinery that support those aircraft.assets are items that bring future economic benefits to a company.They are items that can be reliably measured.

    Liabilities are future sacrifices of economic benefits.The business has an obligation to honour the liabilities.

    You can easily workout what part of the airline company has in assets, and what will be liabilities.

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