Assets and liabilities
In German: Vermögen und Verbindlichkeiten
On the balance sheet, assets are everything a company owns (cash, machines, inventory, patents), liabilities everything it owes (loans, supplier debts). The difference is equity.
In German: Vermögen und Verbindlichkeiten
On the balance sheet, assets are everything a company owns (cash, machines, inventory, patents), liabilities everything it owes (loans, supplier debts). The difference is equity.