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"liability in its balance sheet" vs "liability on its balance sheet"

Both phrases are correct, but they are used in slightly different contexts. 'Liability on its balance sheet' is more commonly used to refer to the presence of liabilities listed on a balance sheet. On the other hand, 'liability in its balance sheet' could be used to emphasize the impact or significance of liabilities within the balance sheet.

Last Updated: March 27, 2024

liability in its balance sheet

This phrase is correct and can be used to emphasize the impact or significance of liabilities within the balance sheet.

This phrase is used to highlight the importance or effect of liabilities that are present within a balance sheet.

Alternatives:

  • liabilities listed on its balance sheet
  • liabilities within its balance sheet
  • liabilities recorded in its balance sheet
  • liabilities reflected in its balance sheet
  • liabilities contained in its balance sheet

liability on its balance sheet

This phrase is correct and commonly used to refer to the presence of liabilities listed on a balance sheet.

This phrase is commonly used to describe the liabilities that are included or recorded on a balance sheet.

Alternatives:

  • liabilities listed on its balance sheet
  • liabilities within its balance sheet
  • liabilities recorded in its balance sheet
  • liabilities reflected in its balance sheet
  • liabilities contained in its balance sheet

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