Sweetens, do yourself a favor and look up balance sheet terms and income statement terms. It's obvious now you never had an accounting class. An unsold product us called inventory, which is an asset. The inventory is what gets sold. Period. Very simple. The ingredients and parts to make a product are also assets called raw materials. The liability is the accounts payable that the firm has to pay to the vendor when the product us sold. Period.
When sold, the money recruited is called revenue, which goes on the income statement as revenue/sales. The cash from the sale is an asset on the balance sheet , and is used to pay the liability, the money due to the vendors , plus the employees who are also costs of the process: expenses.
It would be unfair to mock you, because it's obvious that you don't even know that you don't know what an asset or liability is.( Balance sheet items), while the products waiting to be sold are called inventory, which is an asset.
In your own house, your ability to work us an asset, it's your personal inventory, its intellectual property that you sell to a customer, an employer., you use your revenue to pay expenses. Your bank account is an asset. Your home is an asset, and your mortgage is a liability. The bills you pay with your cash assets are expenses.
Go ahead, google accounting terms. No one can see you. Choose to be informed about what you speak about. All your insisting isnt going to change the facts. When employers refer to people as assets, its a figure of speech, a euphemism. Things a company owns are called assets. Owns. Things it owes are liabilities. Employees are not owned, they are rented week to week, as an expense. Nothing personal but in a company balance sheet, you have no financial value, or any value. They rent labor to help them convert the products (assets), into sakes revenue (income). Choose to be informed.
