What is laibility

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What is laibility..

An amount of money in a company that is owed to someone,
which is payable during short or long time in future, such
as tax, debt, interest, and mortgage payments

Is This Answer Correct ?

10 Yes

0 No

What is laibility..

Answer / satyaki_raju@yahoo.co.in

Simply saying Liability is an obligation of payment to
others for goods supplied,services rendered,Govt
obligations etc

Is This Answer Correct ?

4 Yes

1 No

What is laibility..

Answer / md muddasir ali khan

laibility is generaly in left side of the horizontal
balance sheet which represent the out standing payable
amount of the company, or a firm which is less then a year
such as out standing amount of insurance, tax, interest,
rent, creditor, short term loan, or a long term such as
equity shares, long term loan & so on....,

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What is laibility..

Answer / gaurav

sum of payables.

Is This Answer Correct ?

1 Yes

1 No

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