Meaning of Active and passive

What is Active and passive:

In Accounting, each of the parties that constitute the balance sheet or balance sheet of a company is known by the name of assets and liabilities. The assets would become what the company has and the liabilities that the company owes.

Active As an asset it is called the set of all the goods and rights that are owned by a company, institution or individual, which can be converted at a given moment into money. Examples of assets would be the furniture, the shares, the products that the company sells or any other type of assets that the company owns.

Passive As a liability is denominated the monetary value that, in total, sum the debts and commitments that a company, institution or individual has assumed with third parties, such as banks, credit entities, suppliers, employees, etc.