Prepare to pass & SAVE $1100!



Liabilities are the debts of the company. All money owed is a liability.

Some examples of liabilities are accounts payable, wages payable, mortgage payable, and notes payable. These represent sums of money the company has to pay to creditors or workers.

There is currently no content classified with this term.

Get instant access to step-by-step instructions on how to apply and sit for the CPA Exam.