What is liabilities? Answer it friends.
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hyy mate ✌️
A liability is something a person or company owes, usually a sum of money. ... Recorded on the right side of the balance sheet, liabilities include loans, accounts payable, mortgages, deferred revenues, earned premiums, unearned premiums, and accrued expenses.
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Answer:
the state of being legally responsible for something.
Explanation:
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