Accountancy, asked by newbrainlyuser, 11 months ago

Business owes to others whatever it owns. Explain.

Answers

Answered by PiyushSinghRajput1

7

Liabilities: This term covers all debts owned by a business, incurred over the course of business operations. ... Accounts Payable: Describes all money a business owes to vendors and suppliers for purchases of goods and services made on credit.

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