The total indebtedness of a business is the same as its
Answer Details
The total indebtedness of a business refers to the total amount of money that the business owes to its creditors or lenders. This includes both short-term and long-term debts. Liabilities are the financial obligations that a business owes to others, including both current and long-term debts. Therefore, the total indebtedness of a business is the same as its liabilities. It represents the amount of money that the business has borrowed and must repay in the future.