Assets = Liabilities + Equity.(Original post by Quady)
Otherwise someone without any debt cannot own their own house or cash...
I certainly think my assets are greater than my liabilities because I own about £15k of whisky and more in cash savings yet my credit card bill (only debt) is £2k.
That's a given, A on the A side | L+E on the L side.
go back to school dude before you talk
Exam reform and more; post a question for the education secretary