What is passiver (liabilities & equity)?

In short

Passiver are the financing of the business's assets: the equity plus all debt — e.g. supplier debt, VAT owed and bank loans.

In practice

The balance sheet balances precisely because liabilities always equal assets: everything the business owns is financed by either the owners or the creditors.

Related terms

• Aktiver (assets)
• Egenkapital (equity)
• See every term in the dictionary

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