Question

Select the word which is nearly opposite to the meaning of the original word or group of words and mark your response as (a), (b), (c) and (d)
Assets

• A. liabilities
• B. responsibilities
• C. estates
• D. profits

Hint:

In accounting and vocabulary questions, remember: [ textAssets leftrightarrow textLiabilities ] These are standard opposite pairs.

Answer 1

The Correct Option is A

Step 1: Understand the meaning of the given word. Assets refer to things of value owned by a person, company, or organization, such as property, money, or investments. Step 2: Identify the opposite meaning. The opposite of assets would be things that represent obligations or debts. Step 3: Examine the options.

Liabilities: debts or obligations payable — opposite of assets ✔
Responsibilities: duties, not opposite in meaning
Estates: property owned — similar to assets
Profits: gains or earnings — not opposite
Step 4: Final conclusion. The word nearly opposite in meaning to assets is liabilities.