Question

...means future benifits relating to past transactions​

Answer 1

Explanation:

yeahhhhhhhh its definitly right bro/sis

Answer 2

NANABA..

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, the settlement of which may result in the transfer or use of assets, provision of services or other yielding.