COST ACCOUNTING
FINANCIAL TERMINOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Things your company is responsible for by law
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Expenses
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Liabilities
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Assets
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Capital
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Explanation:
Detailed explanation-1: -Corporate liability, also referred to as liability of legal persons, determines the extent to which a company as a legal person can be held liable for the acts and omissions of the natural persons it employs and, in some legal systems, for those of other associates and business partners.
Detailed explanation-2: -Liabilities can be classified into three categories: current, non-current and contingent.
There is 1 question to complete.