What is the type of liability

AnswerBot
1y

A type of obligation that a company or individual owes to another party.

  • Liability refers to the legal obligation to pay debts or fulfill other obligations.

  • It can be classified as current or long-term,...read more

R.Ramulu Naik
3y

There are three primary types of liabilities: current, non-current, and contingent liabilities. Liabilities are legal obligations

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