The amount of money owed by a business to outsider is called _____
A)Capital
B)Asset
C)Liabilities
D)None of these

Name: The amount of money owed by a business to outsider is called _____ A)Capital B)Asset C)Liabilities D)None of these
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Question

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Liabilities refer to the amount of money that a business owes to outsiders, which can include loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and accrued expenses.

The Amount of Money Owed by a Business to Outsider