Example of a Liability?

Give an example of a liability.

Comments for Example of a Liability?

Click here to add your own comments

Liability
by: Christian

Anything that is owed to outsiders can be classified as a liability.

Examples: bank loan, expenses owing, revenue prepayment, accounts payable, etc.
Examples for Liability
by: yasser hegaz

Accounts payable
Accrued expenses
Prepaid revenue
Loan
Opinion
by: Anonymous

When you borrow money from a bank is an example of a liability.
liability
by: petse

anything which is a debt. E.g loan, even a credit card can be liability even when it does have some benefits.

Click here to add your own comments

Return to Ask a Question About This Lesson!.

Liability Example

Please provide an example of a liability.

A loan from the bank. This is a debt your business owes. A liability.

Click here to post comments

Return to Ask a Question About This Lesson!.





Enjoying this Website?
Help Support it with a Donation

OR...

Advertise on Accounting-Basics-for-Students.com

© Copyright 2009-2016 Michael Celender. All Rights Reserved. Click here for Privacy Policy.

SBI
SBI!