Accountancy, asked by tavleen20, 1 year ago

what do you mean by business liability.​

Answers

Answered by Adityaanand20
7

Answer:

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.

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