what exactly liabilities mean?

meaning of liabilities

  • Deshna
  • 23 Jun 2023
  • 637 Views
  • 20 Answers
Your Answer

Obligations of a company or organization. Amounts owed to lenders and suppliers. Liabilities often have the word "payable" in the account title. Liabilities also include amounts received in advance for a future sale or for a future service to be performed.

Finance

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