paying of the Total Debt of 928.22 K is more impor
Post# of 780
Quote:
What is the difference between Liability and Debt?
• Debt is a sub category of liabilities.
• Debt is always in the form of money, whereas liability is anything that costs a business money
• Debt is always more serious than liability
• All debts are liabilities, but not all liabilities are debts
source http://tradingqna.com/8060/what-the-differenc...iabilities