Description I.O.U

A liability is either a debt, expense or something that costs you money. Teaching kids about liabilities helps them to to identify liabilities, cultivate a healthy attitude towards debt, as well as to limit their liabilities. It is also a useful word to know because it will help kids understand more advanced accounting concepts such as balance sheets. 

Last ModifiedCindyCindy


Activity Type Rating
Advanced Kids Business Business
Assets vs Liability Game
Making A Purchase Lesson
What is Your Liability? Lesson

Blog Posts

Blog Post Posted
Rich Kid Smart Kid Aug 23, 2012