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We have discussed the accounting for liabilities in Week 10 and 11. Based on this discussion, please explain the relationship between liabilities and expenses. Provide

We have discussed the accounting for liabilities in Week 10 and 11. Based on this discussion, please explain the relationship between liabilities and expenses. Provide five examples where they both increase at the same time (4 Marks). Why are some liabilities interest-bearing and others are not (3 Marks). [Words Limit: Up to 100 Words]

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