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Commerce · Q39

Accounting

Graduate and Post Graduate · Commerce · question 39

Q39

Liabilities are which of the following?

A.
Resources
B.
Obligations
Answer
C.
Future benefits
D.
Expenses

Answer: Option B

Solution

Answer: Option B
Solution:
Liabilities are Obligations. Liabilities are defined as a company's legal financial debts or obligations that arise during the course of business operations.
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