Assertion: balance sheet's liability | /r/HasProperty | owed by the business
Facets:
Source sentences:
text: Liabilities are funds owed by the business and are broken down into current and long-term categories.
text: Liabilities are the debts owed by a business, often incurred to fund its operation.
text: Liabilities are debts owed by the business.
text: Liabilities are any monies owed by the business.
text: Liabilities are the debts owed by a business to others–creditors, suppliers, tax authorities, employees, etc.