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What activity can be given on electoral politics class 9

Answer» <html><body><p><strong>Answer:</strong></p><p>There are three primary types of liabilities: current, non-current, and contingent liabilities. Liabilities are legal obligations or debt owed to another <a href="https://interviewquestions.tuteehub.com/tag/person-25481" style="font-weight:bold;" target="_blank" title="Click to know more about PERSON">PERSON</a> or <a href="https://interviewquestions.tuteehub.com/tag/company-924982" style="font-weight:bold;" target="_blank" title="Click to know more about COMPANY">COMPANY</a>. In other words, liabilities are future sacrifices of economic benefits that an entity is required to make to other <a href="https://interviewquestions.tuteehub.com/tag/entities-972724" style="font-weight:bold;" target="_blank" title="Click to know more about ENTITIES">ENTITIES</a> due to past events or past transactions.</p><p></p><p>Defined by the International Financial Reporting Standards (IFRS) <a href="https://interviewquestions.tuteehub.com/tag/framework-999028" style="font-weight:bold;" target="_blank" title="Click to know more about FRAMEWORK">FRAMEWORK</a>: “A liability is a present obligation of the enterprise arising from past events, the settlement of which is <a href="https://interviewquestions.tuteehub.com/tag/expected-2627146" style="font-weight:bold;" target="_blank" title="Click to know more about EXPECTED">EXPECTED</a> to result in an outflow from the enterprise of resources embodying economic benefits.”</p></body></html>


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