A) Liabilities
Amounts of money a company owes are called its Liabilities.
Explanation:
Amounts of money a company owes are called its liabilities. Liabilities are the financial obligations of the company that arise during the course of business operations.
These financial debts include loans, accounts payable, mortgages, deferred revenues and accrued expenses.Liabilities are those amounts owed by a business at any one time. Liabilities are often expressed as Payable for accounting purposes.