What are liabilities
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Posted by Hema Kumari 4 years, 10 months ago
- 3 answers
Himanshu Chaudhary 4 years, 10 months ago
Yogita Ingle 4 years, 10 months ago
The economic value of an obligation or debt that is payable by the enterprise to other establishment or individual is referred to liability. To put it in other words, liabilities are the obligations that are rising out of previous transactions, which is payable by the enterprise, through the assets possessed by the enterprise.
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Sanskar Tiwari 4 years, 10 months ago
1Thank You