what is liability
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Answer / elamparithy.a
liability refers to " something which we are liable to pay
in future".
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Answer / poonam
A liability is an obligation expected to result in outflow
of economic benefits from the entity in near future
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Answer / kiran negi
liability is accured and unexpected expense of an
organisation.
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Answer / md.shweatha
liablitiy refers to the financial obligations other than
owners investment .it may be current liablity and long term
liability
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Answer / dipayan dey
In legal terms, the word liability refers to fault. The
person who is at fault is liable to another because of his
or her actions or failure to act. One example is in the
case of a crime. The liability of the offending party may
include providing restitution for damage to property or
paying medical bills in the case of physical injury.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / dipayan dey
In legal terms, the word liability refers to fault. The
person who is at fault is liable to another because of his
or her actions or failure to act. One example is in the
case of a crime. The liability of the offending party may
include providing restitution for damage to property or
paying medical bills in the case of physical injury.
| Is This Answer Correct ? | 0 Yes | 2 No |
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