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Liabilities, such as loan finance, on the other hand, are remunerated by interest, which is charged to profit or loss as an expense.Select one:TrueFalse

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Answer Explanation

The statement is True. Here's the reasoning:

  1. Understanding Liabilities: Liabilities represent obligations that a company owes to external parties. They can include loans, credits, and other forms of debt.

  2. Interest on Liabilities: When a company borrows mon Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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