Accountancy, asked by RaushanKrSingh, 8 months ago

definition of liability​

Answers

Answered by rosehandicrafts11
13

Answer:

Heya mate here's your answer

,,

The state of being responsible for something,, especially by law.

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Answered by monikaroy00786
1

Answer:

Explanation:

A liability is something a person or company owes usually  a sum of money recorded on the right side of the balance sheet liability include loans accounts  payable mortgages deferred revenues earned permiums unearned  premiums and accrued expenses.

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