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| Name | What are Liabilities? Explained with Examples |
| Video Uploader | Video From The Bookkeeping Channel |
| Upload Date | This Video Uploaded At 04-07-2023 20:00:25 |
| Video Discription | Liability: it’s a word I’m sure you’ve used many times before - possibly without knowing exactly what it means. But even though you may not know the exact definition, I’ll bet you have a basic understanding of what a liability is. If you say that a liability is “something you owe” or “something that takes money out of your pocket” you’d be on the right track. But there’s more to it than that, so let’s take a closer look at what exactly liabilities are so that you can know for sure what to include as liabilities on your balance sheet. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Timestamps: 00:00 What are Liabilities? Explained with Examples 00:15 Liabilities explained 00:34 Is a loan or mortgage a liability? 02:03 Is credit card debt a liability? 03:14 What are liabilities used for? 03:32 Personal liability definition 03:56 Business liability definition 04:09 Liability accounting definition ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Please note that Bullseyemoney is not a financial or tax adviser. Our videos are here to inform you and the information provided does not constitute financial, taxation, legal, business or other professional advice and should not be relied upon as such. Bullseyemoney is not liable or responsible for any financial, tax, legal, business or other decisions you make. If you are looking for advice, you should seek a suitable and qualified adviser. |
| Category | Education |
| Tags | hat are liabilities | Liabilities explained | Liabilities definition | Liabilities accounting | Liabilities in accounting | Liabilities tutorial | Introduction to liabilities |
