Which of the following is an example of business liability ........

Accountancy (Phase -I & II) Company Final Accounts

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Which of the following is an example of business liability?

Land

Building

Cash

Creditors

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Explanation:

Creditors is an example of business liability. A liability is defined as a company's legal financial debts or obligations that arise during the course of business operations. A creditor is an entity (person or institution) that extends credit by giving another entity permission to borrow money intended to be repaid in the future.