Kinds Of Liabilities - Deepstash

Kinds Of Liabilities

Common liabilities include accounts payable, deferred income, long-term debt, and customer deposits if the business is large enough.

Although assets are usually tangible and immediate, liabilities are usually considered equally as important, as debts and other types of liabilities must be settled before booking a profit.

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ryderu

"A good plan violently executed now is better than a perfect plan executed next week." - Patton

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