Debts owed by a business are referred to as
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Solution 1
Debts owed by a business are referred to as "liabilities." In financial accounting, liabilities are defined as obligations that the company must settle in the future due to past transactions or events. These can include loans, accounts payable, mortgages, deferred revenues, and any other forms of de Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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