please tell the answer quickly ......I will mark him her brainlist who tell me the answer first promise..........
Answers
Answer:
A liability is something a person or company owes, usually a sum of money. Liabilities are settled over time through the transfer of economic benefits including money, goods, or services.. Most companies will have these two line items on their balance sheet, as they are part of ongoing current and long-term operations.
Answer:
A liability is something a person or a company owes usually a sum of money.
Examples are events,sales,exchange assets or anything that would provide economic benefit at a later date.
Explanation:
In my words I would say a brand company gives us a offer to buy a product in installments but actually they get profit as they add more amount to pay for us but most of us don't understand it.
Hope this may help you
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