Accountancy, asked by shubhamyadav1236huma, 5 months ago

Explain the following terms:

1) Liability 2) Creditors 3) Depreciation​

Answers

Answered by rajendrawange7
1

Answer:

the state of being responsible for something.

Explanation:

a person or company from whom you have borrowed money.

घसारा, मूल्यऱ्हास.

Answered by UMANEHA275
3

LIABILITY:

the state of being legally responsible for something.

CREDITORS:

person or company to whom money is owing.

DEPRECIATION:

a reduction in the value of an asset over time, due in particular to wear and tear.

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