Question :

What is meant by liabilities?

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Question Published at Tuesday, 30 June 2009 in Category Accounts Payable. Question Visited: 3913 Times.

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Answer(s):

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

Liability=Asset-Owners equity

What company owes that is liability. Liability = Asset-capital

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