Question

what are liabilities?

Answer 1

$hey \: dear \: here \: is \: your \: answer$
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# liabilities are obligations or Depts that an enterprise has to pay at some time in the future. they represents creditors claims on the earned by selling its products are providing services to customers called sales revenue.


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Answer 2

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