Meaning of the acronym A&L
In accounting, the acronym A&L stands for Assets and liabilities.
Short definition from the glossary of financial terms
In accounting, the term asset refers to a resource that a company or an individual owns, and which has economic value and is expected to provide future benefits. Assets can be physical items like cash, inventory, and property, as well as intangible items like patents, trademarks, and goodwill.
Read the full definition of Asset in the glossary of financial terms.