Question

(i) Liabilities define

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Answer 1

Meaning :-

the state of being legally responsible for something.

Can be used in a sentence as :-

"once you contact the card protection scheme your liability for any loss ends"

Answer 2

Answer:

In financial accounting, a liability is defined as the future sacrifices of economic benefits that the entity is obliged to make to other entities as a result of past transactions or other past events

Step-by-step explanation:

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