Q952
Synonym of LIABILITY
A.
Debt
AnswerB.
Debit
C.
Asset
D.
Credit
Answer: Option A
Solution
Answer: Option A
Solution:
Debt : a sum of money that is owed or due.Debit : an entry recording a sum owed, listed on the left-hand side or column of an account.
Asset : a useful or valuable thing or person.
Credit : the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
Liability : a thing for which someone is responsible, especially an amount of money owed.
Synonym of Liability is Debt