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Question 
What is laibility
 Question Submitted By :: Kamran
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What is laibility
Answer
# 1		 
An amount of money in a company that is owed to someone, 
which is payable during short or long time in future, such 
as tax, debt, interest, and mortgage payments
 
Is This Answer Correct ?    3 Yes 0 No
Suman Gupta
 
  Re: What is laibility
Answer
# 2		 
Simply saying Liability is an obligation of payment to 
others for goods supplied,services rendered,Govt 
obligations etc
 
Is This Answer Correct ?    2 Yes 0 No
Satyaki_raju@yahoo.co.in
[Taxtime]
 
 
 

 
 
 
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