Difference between revisions of "Liabilities"
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| − | [[Liabilities]] are obligations that come due in the future. In other words, ''liabilities'' are either the financial rights or claims of creditors to [[organization]]'s assets. '' | + | [[Liabilities]] are obligations that come due in the future. In other words, ''liabilities'' are either the financial rights or claims of creditors to [[organization]]'s assets. ''Liabilities'' can also refer to a group of [[financial account]]s that record those obligations. |
Revision as of 23:17, 11 December 2018
Liabilities are obligations that come due in the future. In other words, liabilities are either the financial rights or claims of creditors to organization's assets. Liabilities can also refer to a group of financial accounts that record those obligations.
