Physics, asked by brainlyreporters, 9 months ago

What is liabalities in commerce​

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Answered by Anonymous
2

Answer:

liability is something a person or company owes, usually a sum of money. Liabilities are settled over time through the transfer of economic benefits including money, goods, or services. ... Most companies will have these two line items on their balance sheet, as they are part of ongoing current and long-term operations.

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Answered by priyaayika
3

Answer:

in commerce a liability is something a person or company , company owes usually a sum of money. liabilities are settled over time through the transfer of economic benefits including money, goods, or services. most companies will have these two lines items on their balance sheet. as the are part of ongoing current and long term operations.

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