Accountancy, asked by harshvinderkaur0020, 7 months ago

You have to pay liabilities in a firm. Explain the external and internal liabilities payable in

the firm with examples.

Answers

Answered by pragatimaniyar13

2

Explanation:

Internal liability:- it is the amount payable to the owner by the business. ...

External liability arrives because of credit purchases or loans raised or taken. eg:-creditors, bank loan, bills payable etc

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