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What are Liabilities? Explained with Examples
4:51
YouTubeThe Bookkeeping Channel
What are Liabilities? Explained with Examples
Liability: it’s a word I’m sure you’ve used many times before - possibly without knowing exactly what it means. But even though you may not know the exact definition, I’ll bet you have a basic understanding of what a liability is. If you say that a liability is “something you owe” or “something that takes money out of your pocket ...
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