I have thought of household as an example. Let me expand it to business world.

The key point is to expand the definition of both assset on the left side of journals and liability on the right side of journals.

So far I assumed asset as a payment method like cash or cash equivalent. In business world the credit for customer , company cars and so on are included in Assset. In other words, the claim to collect cash in near future or equipment to save cash or work for earning cash for years is Asset.

Now we can understand the business in broader range with expanding the difinition of Asset.