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belka [17]
3 years ago
15

What is considered a liability?

Mathematics
1 answer:
Alex73 [517]3 years ago
5 0
Liabilities are obligations of the company; they are amounts owed to creditors for a past transaction and they usually have the word "payable" in their account title. ... Examples of liability accounts reported on a company's balance sheet include: Notes Payable. Accounts Payable.
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