What is Liability?
Answers were Sorted based on User's Feedback
Answer / biswa
the state of being legally obliged and responsible
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Answer / biswaranjan
what is indebtedness?
an obligation to pay money to another party.
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Answer / sara
liabilities are those which a business owes.e.g loan from
banks ,loan from friends ,loan from relatives.
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Answer / 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.
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Answer / b.narasimha rao
PROBABLY FUTURE SACRIFICE OF A ECONOMIC BENIFITS ARISING
FROM PRESENT OBILIGATION OFA PARTUCULAT ENTITY TO TRANSFER
OF ASSETS
| Is This Answer Correct ? | 1 Yes | 3 No |
Give Any Three Characteristics of a Company?
0 Answers Joint Stock Company,
Do you know the difference between shares and debentures?
0 Answers State Bank Of India SBI,
Are You Able To Work In A Computerized Environment And Spend Long Hours At The Computer?
What Entry Will Be Passed for Writing Off the Discount On Issue of Shares?
0 Answers Joint Stock Company,
What are Basel norms in context of Banking?
What is capital structure?
What is BEP? How is it calculated?
18 Answers Capital IQ, Mphasis, Thomson,
what is the difference between a cash flow statement and a funds flow statement?
operations Executive
How many centres of eft are present in india?
How does companies act protect the interest of debenture holders?
Explain the types of accounts in banks?
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