Question

what is liability in accountancy ?​

Answer 1

Answer:

Liabilities in accounting is a company's financial obligations, like the money a business owes its suppliers, wages payable and loans owing, which can be found on a business' balance sheet.

Explanation:

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Answer 2

Explanation:

Liabilities in accounting is a company's financial obligations, like the money a business owes its suppliers, wages payable and loans owing, which can be found on a business' balance sheet.