Liabilities are simpler to understand than assets. It is the state of being responsible for something. In finance, it’s usually money. Any borrowing in any form from anyone is a liability if you have the obligation of returning the object borrowed. Liabilities can divided into the following -
Understanding Liabilities
Understanding Liabilities
Understanding Liabilities
Liabilities are simpler to understand than assets. It is the state of being responsible for something. In finance, it’s usually money. Any borrowing in any form from anyone is a liability if you have the obligation of returning the object borrowed. Liabilities can divided into the following -