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Which is a liability ??

Which is a liability ??-example-1

1 Answer

4 votes

Answer:

The mortgage

Explanation:

The mortgage is a liability. A liability is something that you have to pay for. Bills, fees, mortgages, etc are all liabilities.

The yearly salary- asset

The commission- asset

The mortgage- liability

The rental property- asset

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User Trollingchar
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