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what is liability
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Answer / anudeep
liability is the present obligation of the entity
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / abdullah amer
liabilities refer to the financial obligation of an
enterprise other than owenr,s investment
it may be current liabilities or long term liabilities.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / simran singh
1liability is anything that is a hindrance or puts an
individual at a disadvantage,
2An amount of money in a company that is owed to someone
and has to be paid in the future, such as tax, debt,
interest, and mortgage payments
There are two general classifications to sum up these types
of liability: long term and short term. Long-term describes
debt paid out over more than one year, while short-term
liability refers to debt paid within a year or less.
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / hemant
what we have to due regarding the firm that is the part of
liabilites
Means weather we have pay to govt. or have the liabilites
in business allover is the part of liabilites
so whaterver is the due for business that is the part of
liabilites
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / pradeep & devaraj from gfs
liability is a debt owed by the others for running the
business concern
| Is This Answer Correct ? | 0 Yes | 0 No |
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Audit 
