Question

what are liabilities.......​

Answer 1

$A \:pleasure \:night \:my \:dear\\ Friend,$

Liabilities - For students, It is defined as the state of being legally responsible for something.

Eg. - At the age 18 we are legally responsible to do voting and other jobs

In accounting , liabilities are defined as a company's legal financial debts or obligations that arise during the course of business operations. Recorded on the right side of the balance sheet, liabilities include loans, accounts payable, mortgages, deferred revenues, and accrued expenses.

$Hope \:it \:helps \:you \\</p><p>PLEASE \:MARK \:ANSWER \:AS\\ THE \:BRAINLLIEST\: IF \:U \\LIKED\: IT$

Answer 2

In financial accounting, a liability is defined as the future sacrifice of economic benefit that the entity is obliged to make to other entities as a result of past events, the settlement of which may result in the transfer or use of assets, provisions of services or other yielding of economic benefit in the future.