what r liabilities?

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what r liabilities?

A liability can mean something that is a hindrance or puts an individual or group at a disadvantage, or something that someone is responsible for, or something that increases the chance of something occurring.

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Asked 4/28/2012 5:35:00 PM

Updated 4/13/2014 1:20:46 PM

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Edited by sujaysen [4/13/2014 1:20:33 PM]

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what are expenses?

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Updated 3/31/2015 10:59:09 PM

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matahari

Expenses: Costs that are matched with revenues on the income statement.

Added 3/31/2015 10:59:09 PM

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Confirmed by selymi [4/1/2015 3:06:57 AM]

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