The amounts owed by an organisation are referred to as .

assets

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liabilities

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revenue

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expenses

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Solution

The correct option is B liabilities
The amounts owed by an organisation are referred to as liabilities.

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Similar questions

Obligations i.e. the amounts owed by the organisation are referred to as:

The amount or property received by a non- profit organisation as stated by the will of a deceased person is commonly referred to as __________.

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