Accountancy, asked by queenkaurmannat, 1 year ago

what is liability......


ShreyaTiwari345: Liability matĺab vishwas
1sachin11: ablity of lieing
ShreyaTiwari345:
ShreyaTiwari345: Not lieing

Answers

Answered by ILLUSION2006
7
Liability
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1. Liability is the state of being legally responsible for something

2. Synonyms :

i) Accountability

ii) Responsibility
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Answered by RAAJSRIWASTAV3
6
Liability=> The future sacrifices of economics benefits that the entity is obliged to make to other entities as a result of past transaction or other past events.
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