reply so nice to 1, Assets - Property owned by a company or person, regarded as having value and available debts, commitments, or legacies. 2. Liabilities - A state of being responsible for something, especially a debt or financial obligation. 3. Equity - A company's book value, which is the difference between liabilities and assets on the balance sheet. I believe that assets are more important compared to liabilities and equity. Assets represent the resources a company owns and can use to create revenue. Assets include cash, inventory, property, and equipment, which are vital for daily business activities and overall long-term growth. Without sufficient assets, a company can't invest in in new projects, expand operations, or maintain it's current level of productivity. While liabilities and equity are important, they ultimately rely on the value and efficiency of the assets to ensure the company's success