20 Answers
20 Answers
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LIABILITY IS SOMETHING THAT WE OWE TO SOMEONE.IT IS A CASH OUTFLOW.Modal content
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If the company buys raw materials on credit from supplier , now the company is held liable for the amount which is due to them.Modal content
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Liability of a company is payable. it never add to company but subtracts. Hence always a watchable item.Modal content
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Liabilities refer to debts or obligations that an individual or entity owes to others.Modal content
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It is an obligation which result in an outflow from enterprise resourcesModal content
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In financial accounting, a libility is defined as the future sacrifices of economic benefits that the entity is obliged to make to other entities as a result of past transactions or other past eventsModal content
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It is an obligation which result in an outflow from enterprise resourcesModal content
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Liability refers to something which a comany is in due i.e; to pay back to its suppliers, debenture holders, and many more expenses. liabilities will decrease the value of the company. company should see to it that the liabilities of the comany should not cross the assets of the comany else company will be into losses and its repution will be spoiled in the socity.Modal content
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Liabilities are debts and obligations of business they Represent as creditor claim on business assets,etc. In liabilities we are mention mainly bank overdraft, bank loan, accrued expenses,etcModal content
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Liability bis a kind of expenses for a company ..Modal content
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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.Modal content
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A person who liable to pay something, it may be cash, goods or other to someone is callerd as Liabilirty. In Financial session creditors, loans overdraft etc. are the exampiles for liability. On the basis period of time liability is classified into short-term and long-term liability.Modal content
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A thing for which some one is responsible ,especially in money called liabilities.Modal content
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A liability is a company's financial debt or obligations that arise during the course of its business operations. Liabilities are settled over time through the transfer of economic benefits including money, goods or servicesModal content
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Liability in a layman’s term is future financial or economic obligationModal content
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A liability is a debt owed by a company that requires the entity to give up an economic benefit (cash, assets, etc.) to settle past transactions or events.Modal content
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it's a responsibilityModal content
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It's is something that u owe to someone. In Accounting it's generally money . Like equity shares and debentures.Modal content
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BadhyataluModal content
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