What is the difference between Liability and Expense? - ProProfs Discuss
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What is the difference between Liability and Expense?

Asked by B. Wright, Last updated: Dec 18, 2019

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W. Wright

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W. Wright, Biology student, Biology student, Astoria

Answered Aug 22, 2019

Liability is an obligation or a debt that a business takes for the smooth running of its operations. It is an essential part of the business which finances significant investments to keep...Read More
 

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