Outsider's claim against the assets of the business is called Options: A . &nbspLiability B . &nbspExpense C . &nbspIncome D . &nbspCapital

Outsider's claim against the assets of the business is called

Question

Outsider's claim against the assets of the business is called

Options:

A . Liability

B . Expense

C . Income

D . Capital

Answer: Option A

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