give any one example for liabilities
Answers
Answered by
1
Answer:
For example, if a business takes out a mortgage payable over a 15-year period, that is a long-term liability. ... Some examples of short-term liabilities include payroll expenses and accounts payable, which includes money owed to vendors, monthly utilities, and similar expenses.
Explanation:
MARK AS BRAINLIEST PLEASE :)
Answered by
2
Answer:
Bank debt.
Mortgage debt.
Money owed to suppliers (accounts payable)
Wages owed.
Taxes owed.
Similar questions