Accounts Payable Question: Download Questions PDF
What is meant by liabilities?
![Accounts Payable Interview Answer Accounts Payable Interview Question](https://globalguideline.com/public/images/interview/26.png)
Answer:
Liabilities are what all u owe from the bank on notes payable or in other words it is:
Liability=Asset-Owners equity
What company owes that is liability. Liability = Asset-capital
Liability=Asset-Owners equity
What company owes that is liability. Liability = Asset-capital
Download Accounts Payable Interview Questions And Answers
PDF
Previous Question | Next Question |
What steps would you take before making a payment? | What is debit and credit from the banks point of view? |