Question

explain liabilities?​

Answer 1

Explanation:

Liabilities are defined as a company's legal financial debts or obligations that arise during the course of business operations. ... Recorded on the right side of the balance sheet, liabilities include loans, accounts payable, mortgages, deferred revenues, and accrued expenses.

Answer 2

Answer:

Liabilities are defined as a company's legal financial debts or obligations that arise during the course of business operations. Recorded on the right side of the balance sheet, liabilities include loans, accounts payable, mortgages, deferred revenues, and accrued expenses.