What is Liability?

Answer Posted / amar nath kosta

Liability means any legal responsibility, duty or obligation
for one's acts or omissions. It is the bound of necessity
that exists between the wrong doer and the remedy of the wrong.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is a stale cheque?

603


What are the different government policies towards unemployment?

619


What are the different types of accounts in a Bank?

597


What are the two most basics financial statements prepared by the companies?

619


What are the different types of Insurance coverage?

595






What do you know about PM Suraksha Bima Yojana?

655


what features are available in Tally ERP 9 for Accounting?

629


What are some of the objectives of LIC?

635


Iam a MBA 1st sem student so how do fase the campus interview which books i study

1758


How Do You Report A Write-down In Inventory?

601


What is a Bill of Lading?

610


Which system eliminates the physical movement of cheques and provides the efficient method for cheque clearing?

515


What do you know about Green Channel?

644


Can anyone please send me solution document for US payroll . My mail id is rishisharma29@rediffmail.com. Thanks

2051


I HAVE TO APPEAR IN A INTERVIEW FOR THE POST OF SENIOR ASSISTANT-FINANCE , PLEASE SUGGEST ME WHAT TYPE OF QUESTIONS THEY SHOULD ASK ME .

1913