Liability is the obligation to be paid in the future. State True or False.
True
False
Liability tells how much one owes in future.
In the statement mentioned, state whether it is true or false. In a company, the liability is unlimited to their investment in the company.
State True or False. The life insurance premium is paid in one lump sum.
State True or False: The resources owned by a business entity which give future benefits are called assets.
If we expect a rise in price in near future of a commodity, then demand will increase. State true or false.