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What are LIABILITIES?
📚 New! Get my 2nd Edition Accounting Cheat Sheet Bundle → https://accountingstuff.com/shop What are Liabilities? Liabilities are a business' obligations to third parties that require a sacrifice of economic benefit in the future. A business owes liabilities to third parties and Equity back to its owners. Together these represent one half ...
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What is a Liability? - By Saheb Academy
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