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Examples of liabilities include accounts payable (AP), capital How to Use Construction Bookkeeping Practices to Achieve Business Growth<\/a> lease payable, accrued payables, and notes payable. Liabilities are a company\u2019s financial obligations, which include both short-term and long-term debt. Assets are a company\u2019s financial resources \u2014 in other words, anything that is cash or could likely be converted to cash.<\/p>\n<\/p>\n