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Please explain liability . limited liability unlimited libility?
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Please explain liability . limited liability unlimited libility?
Liability means the responsibilities that we have to bear/ the obligation we had taken from outsiders.limited liability means at what extent we can pay off these liabilities. if liability are limited then we have to bear them from inside the organisation through assets, and other valuable property.unlimited liabilty means that we have to sell our personal assets for pay off the liabilty.
Community Answer
Please explain liability . limited liability unlimited libility?
Liability is a type of "udhar" credit
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Please explain liability . limited liability unlimited libility? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Please explain liability . limited liability unlimited libility? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Please explain liability . limited liability unlimited libility?.
Please explain liability . limited liability unlimited libility? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Please explain liability . limited liability unlimited libility? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Please explain liability . limited liability unlimited libility?.
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