What Is Meant By Liabilities?

1.	What Is Meant By Liabilities?
Answer» LIABILITIES are what all you OWE from the BANK on notes payable or in other words it is: Liability=Asset-Owners equity. Liabilities are what all you owe from the bank on notes payable or in other words it is: Liability=Asset-Owners equity.

Answer»

LIABILITIES are what all you OWE from the BANK on notes payable or in other words it is:

Liability=Asset-Owners equity.

Liabilities are what all you owe from the bank on notes payable or in other words it is:

Liability=Asset-Owners equity.

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