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What are liabilities
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Answer / dj
Equities are of two types: the right of creditors and right
of owners.Right to properties are called Equities.The
equities of creditors represent debt of the business and are
called LIABILITIES.
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Answer / varsha jadhav
Liblity is the one pe of bebt, which is payable for woner
of the business.Labilities included all the creditors,
Outstanding expenses Secured & unsecured loans bank
overdraft etc.At the time of winding up of company it is
setteled through avilable funds as on the first priority.
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