Accountancy, asked by xyzabc190804, 5 months ago

If a business firm has sufficient funds to pay all its liabilities in lime, it is said to be …

Answers

Answered by aarushchoudhary59
1

Explanation:

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A liability is something a person or company owes, usually a sum of money. ... Recorded on the right side of the balance sheet, liabilities include loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and accrued expenses.

Answered by ItzWanderousGirl
23

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A liability is something a person or company owes, usually a sum of money. ... Recorded on the right side of the balance sheet, liabilities include loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and accrued expenses.

Explanation:

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