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What is laibility
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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 ? | 10 Yes | 0 No |
Answer / satyaki_raju@yahoo.co.in
Simply saying Liability is an obligation of payment to
others for goods supplied,services rendered,Govt
obligations etc
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / md muddasir ali khan
laibility is generaly in left side of the horizontal
balance sheet which represent the out standing payable
amount of the company, or a firm which is less then a year
such as out standing amount of insurance, tax, interest,
rent, creditor, short term loan, or a long term such as
equity shares, long term loan & so on....,
| Is This Answer Correct ? | 1 Yes | 0 No |
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