Understanding Liabilities On A Business Balance Sheet

Liabilities are often confused with other meanings of the word, and the general feeling is that liabilities are 'bad things', when in fact they are part and parcel of every business. Most can't run without them! A liability is basically a promise made by the company to deliver or mean something of value in the future.

The full article appears here:
http://www.microsofttraining.net/article-1450-understanding-liabilities-on-business-balance-sheet.html

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The Microsoft Training Blog Team
http://microsoft-training.blogspot.com