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A liability is a debt or other obligation owed by one party to another party Companies take on liabilities to increase their capital in order to finance operations or pro ... See More
Circular debt is when, to give a three-person example, A owes B, who owes C, who owes A. Circular debt relates to subsidies which the government in Pakistan is providing ... See More
Circular debt is a situation in which a string of debtors and creditors exist in a fashion such that the net final creditor in the string is indebted to the first credi ... See More