Liabilities are generally classified on a balance sheet as
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From the given alternatives, select the word which CANNOT be formed using the letters of the given word.Liabilities
Assets minus liabilities equals
Assets minus liabilities equals Equity.
Liabilities are defined as
The words "asset" and "liability" are two very common words in accounting. Liabilities are legally binding obligations that are payable to another person or entity. Accounts payable, loans, mortgages, deferred revenue,... come under liabilities.
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What is meant by liabilities ?
Liabilities are what all u owe from the bank on notes payable or in other words it is:Liability=Asset-Owners equitywhat company owes that is liability. liability = Asset-capital
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