Psychology, asked by Anonymous, 8 months ago

what is liability?? explain

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Answered by Anonymous

hope it helps u

Explanation:

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, bonds, warranties, and accrued expenses.

Answered by Mouktik000

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