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Anvisha [2.4K]
3 years ago
8

Which of the following increases liabilities but not assets?

Social Studies
2 answers:
arlik [135]3 years ago
7 0
B would be the answer
4vir4ik [10]3 years ago
6 0

The correct answer is B. Taking out loan to go on vacation.

Liability is termed as future sacrifices of benefits which are obliged to other entities. There are characteristics which explains what is liability.

For example, A type of borrowing from banks or from persons to improve personal income and which is being paid within the given period of time.

Liability can be based on constructive obligations or equitable obligations.

We can say that we get the asset when liability is being added to owners equity.

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The Magna Carta was a document created in 1215. Feudal lords were unhappy with the taxation system at the time, which is why they made the king create a document which would be in their favor. He had to sign it at Runnymede, in 1215.

2. Parliament claims the rights of citizens with the Petition of Right.
This is a document created in 1628. It is an important document in English history because it restricted the authority of the king and protected the freedoms of the citizens. This document dealt with taxes, unlawful imprisonment, martial law, etc.

3. The English Bill of Rights expands more rights to commoners.
Bill of Rights is another document created to protect civil and natural rights of citizens. It was signed in 1689 and similarly to Petition of Right, it was passed in order to restrict the authority of the monarch and the Parliament as well.

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madreJ [45]

Answer:

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Laetoli -

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Around 3.85 million years ago , a volcanic eruption took place , and due to the ash fall of the eruption , the foot prints of the ancients got preserved .

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