1. what is liability in private Activity. 2. Compare the persons who participate in : a)...
1. what is liability in private Activity.
2. Compare the persons who participate in :
a) business activity: b) commercial activity; c) private activity
3. Compare the Time period of :
a) business activity; b) commercial activity; c) private
activity
4. Compare Legal aspects of :
a) business activity; b) commercial activity; c) private
activity
5. Compare the Capital of
a) business activity; b) commercial activity; c) private activity
Homework Answers
Answer 1: Liability in a private activity refers to something for which a cash outflow has to happen. The activities for which we have to make expenses are generally temed as liability.
For example, in a private business, the accounts payable is he amount which we owe to our creditors. Moreover, salary expenses are done to pay the employee for their services. These are examples of liability.
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1. what is liability in private Activity.
2. Compare the persons who participate in :
a)...
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