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    what is liabilities and how we adjust in balance sheet

    Mahesh Bhatt 7th Sep, 2019
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    ADITYA KUMAR Student Expert 7th Sep, 2019

    Hello there!

    Greetings!

    Liabilities are legal obligations or debt owed to another person or company. , liabilities include loans, accounts payable , mortgages, deferred revenues, and accrued expenses.

    On the right side, the balance sheet  outlines the companies liabilities.


    Thankyou

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    8th Sep, 2019
    thank uh....ji
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    8th Sep, 2019
    conservatism kyy hota h
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