Accountıng Iı Deneme Sınavı Sorusu #1115705

I. They occur because of present transaction or event.

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

III.They are an unavoidable obligation.

Which of the statement above are among the main characteristics of liabilities?


Only I

I and II

II and III

I and III

Only 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 C.

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