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What is mean by liability

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What is mean by liability

Posted by Pravin Eesshvar 7 years, 5 months ago

CBSE > Class 11 > Business Studies

2 answers

Pihu Agrawal 7 years, 5 months ago

The loan and the obligation which is payable by the business concern is called liabilities.

0Thank You

Abc Def 7 years, 5 months ago

Liabilities are those debts which an enterprise owes to someone and that enterprise has to pay to someone

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