Vidyalelo
Commerce · Q213

Accounting

Graduate and Post Graduate · Commerce · question 213

Q213

Which of the following is an example of business liability?

A.
Land
B.
Building
C.
Cash
D.
Creditors
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
Creditors is an example of business liability. A liability is defined as a company's legal financial debts or obligations that arise during the course of business operations.