question 2 of 10 what are the business debts called? a. liabilities b. formulas c. subtotals d. assets
question 2 of 10 what are the business debts called? a. liabilities b. formulas c. subtotals d. assets
Answer
Brief Explanations:
In business and accounting, liabilities are obligations or debts that a company owes to external parties. Formulas are mathematical or accounting - related expressions, subtotals are intermediate sums in financial calculations, and assets are resources owned by a company.
Answer:
A. Liabilities