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liabilities plus owner's equity
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Wikidata facts
- Subclass of
- financial statement
- Has part
- equity
Show 2 more facts
- opposite of
- asset
- described by source
- Brockhaus and Efron Encyclopedic Dictionary
Sources (3)
via Wikidata · CC0
~5 min read
Encyclopedic overview
In financial accounting, a liability is a quantity of value that a financial entity owes. More technically, it is value that an entity is expected to deliver in the future to satisfy a present obligation arising from past events. The value delivered to settle a liability may be in the form of assets transferred or services performed.
Characteristics
Excerpted from Wikipedia’s “liabilities plus owner's equity” article, available under the CC BY-SA 4.0 licence.