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Subjects>Business>Accounting

What are 'liabilites'?

Updated: 9/24/2023

Wiki User

∙ 9y ago

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Liabilities are those amounts which payable by the company to third parties or to it's onwers.

Wiki User

∙ 9y ago

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Continue Learning about Accounting

The claims of creditors against the assets are?

Liabilites

What is expense accrual?

Expense accurals is a liabilites

What type of liability is salaries payable?

Current liabilites

What are the five 5 accounting cycle defines?

cash expense revenue asset liabilites

What is the effect of performing services on account on the basic accounting equation?

-liabilites, +stockholder's equity

Related questions

The claims of creditors against the assets are?

Liabilites

What is expense accrual?

Expense accurals is a liabilites

What type of liability is salaries payable?

Current liabilites

How do you calculate net current assets?

It is current assests minus current liabilites

What are 5 major categories of bookkeeping systems?

Asset Liabilites Equity Revenue Expenses

What are the five 5 accounting cycle defines?

cash expense revenue asset liabilites

What is the effect of performing services on account on the basic accounting equation?

-liabilites, +stockholder's equity

Where to enter loan interest payable in the balance sheet?

I think it would go under your liabilites..

What happened when Private limited company anable to pay govt liabilites?

I think you should have spell checked your answer!

Total amount of the liability accounts reported on the post closing trial balance is?

the liabilites and the owners equity

Where you show unclaimed dividend in final accounts if it is only in the trial balance?

balance sheet current liabilites

In governmental funds governments must accrue interest on general long-term liabilites or short-term debt of the fund?

short term debt

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