What is meant by the term 'liability'?

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Cambridge International AS And A Level Accounting

ISBN: 9781444181432

1st Edition

Authors: Ian Harrison

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Question Posted: Aug 23, 2023 01:10 PM

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What is meant by the term 'liability'?

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In accounting and finance the term liability refers to a companys or individuals financial obligations or debts that arise from past transactions or e...View the full answer

Cambridge International AS And A Level Accounting

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