In finance, a liabilityIn finance, a liability is defined as an obligation resulti... More is defined as an obligation resulting from past transactions or events. The best example of a liability is a .
Liabilities are one of the key parts of the so-called accounting equation:
Assets = Liabilities + Owner’s EquityWhat is equity? In accounting and finance, equity is the r... More
The accounting equation is the mathematical structure of the .
Also see:
