dbgarz0619 dbgarz0619
  • 15-05-2020
  • Mathematics
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What is considered a liability?

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halasiblani
halasiblani halasiblani
  • 15-05-2020

Answer:

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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