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- It’s a present obligation for a business to settle as a result of past commitment.
- Its settlement may reduce business assets.
- Amount involved can be measured reliably in monetary terms.
- Owned to outsiders.
- May be classified as a long term or short term (current liabilities).
sharon kalunda answered the question on February 23, 2019 at 07:32
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Date posted: February 23, 2019. Answers (1)
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a.) Debtor
b)Creditors
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d.) Assets(Solved)
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(Solved)
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Date posted: February 19, 2019. Answers (1)
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