Accountancy, asked by XxShivixX, 4 months ago

what is liability ?........​

Answers

Answered by peehuthakur
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. ... In general, a liability is an obligation between one party and another not yet completed or paid for.

Explanation:

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Answered by vintage01
11

liability means the usually sum of money

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