What is a Liability Account? Definition, Types, and Examples
Notes Payable – A note payable is a long-term contract to borrow money from a creditor. Generally speaking, the lower the debt ratio for your business, the less leveraged it is and the more capable it is of paying off its debts. The https://www.bookstime.com/ higher it is, the more leveraged it is, and the more liability …
What is a Liability Account? Definition, Types, and Examples Read More »