Why is it important for a company to have more ... - SS1 Accounting Distinction Between Assets And Liabilities Question
Why is it important for a company to have more assets than liabilities?
It is important for a company to have more assets than liabilities because this indicates that the company is financially stable and able to meet its obligations. If a company has more liabilities than assets, it may struggle to pay its debts and may ultimately go bankrupt.
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