Question

______ means the amount which the business firm owes to outsiders.

विकल्प

• Liability

• Capital

• Assets

• None of these.

Answer 1

Liability means the amount which the business firm owes to outsiders.

Explanation:

Liability refers to the amount a business firm owes to outsiders, such as creditors, lenders, or other parties, which must be paid in the future.