exists and is an alternate of . Liabilities are debts owed to an outside party (creditor) such as a bank loan, a truck note, etc. Expenses are the cost of operating the business and affect the net income. Expenses include things such as utilities, supplies, insurance, rent, etc. While liabilities are listed on the balance sheet, expenses are not. Also, Liabilities decrease Owners Equity (Stockholders Equity) while Expense decrease Net Income. Liabilities are debts owed to an outside party (creditor) such as a bank loan, a truck note, etc. <br /><br /> Expenses are the cost of operating the business and affect the net income.
The law basically requires covered landlords to change or re-key the locks when a tenant moves out and before a new tenant moves in. There is an exception when the tenant, by way of lease, has obtained the right to change or re-key the dwelling unit.
When you rekey a lock, you change the lock so that it can be operated by another key. This is done by altering the tumbler, changing the water configuration, or forcing a new key exchange. After the lock has been rekeyed, the new key can operate the lock and the old key is invalidated.To have your locks changed or rekeyed, simply call a reliable, trustworthy locksmith. Over half of new homeowners donât change or rekey their locks, but itâs hard to understand why.specially after moving into a new home, you want to feel safe and secure when you lay down your head at night. If you want to feel confident in your new homeâs security, you have two options: 1  You can change your locks.