Accountıng Iı Deneme Sınavı Sorusu #983757

I. Liabilities occur because of a past transaction or event.

II. Liabilities create a present obligation for future payment of cash or services.

III. Liabilities are are avoidable obligations.

Which of the followings are among the basic characteristics of liabilities?


I

II

III

I and II

I and III


Yanıt Açıklaması:

Liabilities have three main characteristics: • They occur because of a past transaction or event. • They create a present obligation for future payment of cash or services. • They are an unavoidable obligation. The correct answer is D.

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