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Net Assets vs Net Assets and Liabilities

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › Net Assets vs Net Assets and Liabilities

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by Ken Garrett.
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  • May 7, 2015 at 1:45 pm #244589
    neeridge
    Member
    • Topics: 3
    • Replies: 2
    • ☆

    Hello All,
    I’m actually asking this question for a language translation.
    Is there a difference between :
    1) “Net Assets” and
    2) “Net Assets and Liabilities”?
    I see the terms used in financial statements all the time.
    UK vs USA accounting?
    I’d be interested to know.
    Many thanks!

    May 7, 2015 at 6:27 pm #244671
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10595
    • ☆☆☆☆☆

    Net assets = total assets – total liabilities.

    I don’t know what ‘Net assets and liabilities’ means and a Google search drew a blank too. The term doesn’t make sense to me.

    If you can forward a link as to where I could see it in use I might be able to help further.

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