BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Liabilities are the legal debts a company owes to third-party creditors. They can include accounts payable, notes payable and bank debt. All businesses must take on liabilities in order to operate and grow. A proper balance of liabilities and equity provides a stable foundation for a company.

Detailed explanation-2: -Debt liability means any form of monetary obligation other than an ownership interest. It includes bonds, debentures, notes, mortgages and loans of any kind, secured or unsecured.

Detailed explanation-3: -Business debt, or non-consumer debt, is any debt you take on for your business or LLC. Sometimes there can be a gray area. If you use your personal computer for work, that debt is considered consumer debt. If you have credit card debt from a company expense card, that is considered a business debt.

Detailed explanation-4: -A liability is a debt owed by a company that requires the entity to give up an economic benefit (cash, assets, etc.) to settle past transactions or events.