Liability is the obligation to be paid in the future. State True or False.

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A
True

Liability tells how much one owes in future.

Suggest Corrections

Similar questions

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.

Join BYJU'S Learning Program