Economics and Business Management
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Liability Author: Paulo Nunes (Economist, Professor and Business Consultant) Contributions: without contributions ... if you are an expert in this field help us to enrich our site ... contact us knoow.net@gmail.com Date Created: 25/05/2011 Summary: zzzz... see full article Key words: management, Comment or read other comments on this article |
Liability |
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Liability Concept The term liability is used on an accountancy perspective like the group of values that represent debts and other financial commitments of the company or organization towards people or external entities. For example, a debt with a supplier is a liability in the extent that represents a financial commitment towards third parties.
Translated from Portuguese by Susana Saraiva, Portuguese-English and English-Portuguese translation specialist. Contact: spams@sapo.pt.
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