Deprecated function: Optional parameter $path declared before required parameter $arg is implicitly treated as a required parameter in include_once() (line 1439 of /var/www/quickstart.cals.arizona.edu/includes/bootstrap.inc).

Liability

What the firm owes to others. Debt is also another term used for liability. The entities that are owed could be individuals, suppliers, banks, bondholders, the government, or any entity that is owed financial resources. 

Income Statement

The Income Statement is one of a company’s core financial statements that shows their profit and loss over a period of time.
Subscribe to Liability