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OpenStudy (anonymous):
Which of the following is considered a liability? car government bond college loan checking account
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OpenStudy (anonymous):
I say car
OpenStudy (ankit042):
@NaCl you are confusing between assets and liability
OpenStudy (anonymous):
A government bond ?
OpenStudy (ankit042):
Assets are the things which you have and liabilities are things which you owe
OpenStudy (ivettef365):
A liability is something that takes money out of your pocket every month, n asset is something that puts money into your pocket
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OpenStudy (anonymous):
college loan ?
OpenStudy (ankit042):
Yes Good!
OpenStudy (ivettef365):
car is an asset, if you sell you car you have money on your pocket
OpenStudy (ivettef365):
do you understand now
OpenStudy (anonymous):
yes ! thank you both !
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