Liability: Difference between revisions

Liability (view source)

400 bytes added , 5 December 2019

Removed redirect to Liability

81,841

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-#redirect[[liability]]
+{{g}}In general, a legally binding obligation to another person the value of which you should record on the debit side of your ledger. More usually, an undischarged obligation to pay someone an amount of [[money]].
+A company’s [[shares]], by way of illustration, are ''not'' [[liabilities]], but rather represent an ''ownership'' interest in the issuing company.
+{{sa}}
+*[[Indebtedness]]
+*[[Money]]
+*[[Borrowed money]]