Total assets refer to all assets owned or controlled by an economic entity that can bring economic benefits.
Total liabilities refer to all debts that an enterprise undertakes and needs to repay. Including current liabilities, long-term liabilities, deferred taxes, etc. , that is, the total liabilities of the enterprise balance sheet.
Extended data
1. Total assets are divided into current assets and long-term assets according to different holding periods. The former is monetary assets, inventory, accounts receivable, etc. And the latter is long-term investment, housing equipment, etc.
2. According to the different characteristics of asset turnover, total assets consist of current assets, long-term investments, fixed assets, intangible assets and deferred assets.
3. According to different asset forms, total assets include financial assets and non-financial assets, tangible assets and intangible assets.
Resources-Baidu Encyclopedia-Total assets