Assertion: balance sheet's liability | /r/DefinedAs | an obligation of an entity
Facets:
value: in financial accounting
type: OTHER
Source sentences:
text: In financial accounting, a liability is defined as an obligation of an entity arising from past transactions or events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future.
text: In financial accounting, a liability is defined as an obligation of an entity arising from past transactions or events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future.