Question

toom
is what do you understand by liabilities?
Describe the Vesilication of long
liabilities and short term liabilities:
" Explain various
steps involved
in the
and describe main
verification of revenue
objectives of verification of revenues.​

Answer 1

Answer:

Liability means , any person reliable on someone or any country.

In economics , liability means , the person is not contributing in his or her country's development.

By not doing jobs or any business ( frankly saying , not paying the income tax or GST ).