What are liabilities
- 3 Answers
- 4715 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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.
| Is This Answer Correct ? | 1 Yes | 0 No |
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.
| Is This Answer Correct ? | 0 Yes | 1 No |
Expand---------OST
Expand B E S
what is the TTD junior asst exam syllubsexam held on sep 5 th plz tell me sir
according to double entry system there are three types of account... so what is the nature of suspense account??
In activity based costing, costs are accumulated by A. Cost objects; B. Cost benefit analysis; C. Cost pool; D. None of the above.
What is the types of accounts & it's rules ?
I KNOW THAT INSURANCE CHARGES ON PURCHASE OF VEHILE (LIGHT/HEAVY VEHICLES)HAS BEEN CAPITALISED OR NOT.?
What is Goods Lost by Fire/Accident/Theft ?
Define control account Thanks
What is the method to set the Credit limit for Customers in Business?
EXPAND______________IDBI
If its is declared by auditor that business is not going concern that what journal entry will be pass?
Audit 
