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15 April, 04:51

Which of the following best describes a liability? a. anything of value owned by the business. b. something that a business owes. c. listed on the lift - hand side of a balance sheet. d. always equal to an asset

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  1. 15 April, 05:13
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    B / something that a business owes
  2. 15 April, 05:18
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    The correct answer of the given question would be option B. The statement that best describes a liability would be something that a business owes. A liability is considered an obligation and is listed on a company's balance sheet. This is part of the accounts payable. Hope this is the answer that you are looking for.
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Home » Business » Which of the following best describes a liability? a. anything of value owned by the business. b. something that a business owes. c. listed on the lift - hand side of a balance sheet. d. always equal to an asset
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