Examples of Liabilities?

Q: Give an example of a liability.

Comments for Examples of Liabilities?

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Answer: Examples of Liabilities
by: Mahima

Capital
Account payable
Loan
Outstanding expenses
Creditor

Mahima, everything you wrote above in your answer is correct as a liability except Capital. Capital is definitely not a liability. Capital is owner's equity.

- Michael C.
Founder of Accounting Basics for Students
Liability
by: Christian

Anything that is owed to outsiders can be classified as a liability.

Examples: bank loan, expenses owing, revenue prepayment, accounts payable, etc.
Examples for Liability
by: yasser hegaz

Accounts payable
Accrued expenses
Prepaid revenue
Loan
Opinion
by: Anonymous

When you borrow money from a bank is an example of a liability.
Liability Examples
by: petse

anything which is a debt. E.g loan, even a credit card can be liability even when it does have some benefits.

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Liability Example

Q: Please provide an example of a liability.


A: A loan from the bank.

This is a debt your business owes. It's a liability toward the bank.

Best,
Michael Celender
Founder of Accounting Basics for Students


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