What do you mean by term liability for nation
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liability. ... A company's or organization's liabilities are the sums of money which it owes.
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Liabilities is denotes as future sacrifices and economic changes with respect to the nation growth. It is so far carried out with financial accounting by changing with respect legal enforceable.
It can be used in the probable solution by including most accepting accounting information on it. Thus, it includes liability is one used to consider accounting standard results in IASB.
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