Assertion: balance sheet's liability | /r/HasProperty | purchase
Facets:
Source sentences:
text: The items you owe are called liabilities, such as accounts payable, which are purchases you have made but not yet paid for; taxes you owe, including sales, payroll, general purpose loans; and mortgages.
text: If the company buys the equipment or building, the company records the asset (the equipment) and the liability (the purchase price).
text: The items you owe are called liabilities, such as accounts payable, which are purchases you have made but not yet paid for; taxes you owe, including sales, payroll, general purpose loans; and mortgages.