Question

I was paid $200 in advance for some hair coloring I will do in January he tells me that's a liability that doesn't make any sense to me please explain​

Answer 1

Answer:

That is correct this is a liability

Explanation:

That is correct this is a liability. That is because a liability refers to being legally responsible for something. In this scenario, since they paid you $200 for hair coloring then you owe the client that. Meaning that you are legally responsible to provide hair coloring services to the client and until you do that you are liable.