What is the difference between an asset and a liability.
The difference between an asset and a liability is that an asset generally provides value over the long term while a liability is an expense or debt owed.
<START_INST>What is the difference between an asset and a liability.<END_INST><START_CTX><END_CTX><START_A>The difference between an asset and a liability is that an asset generally provides value over the long term while a liability is an expense or debt owed.<END_A>