What is a liability account?

The Liability account this is obligate for other, source of money, or also can said from where money came.

and company liabilities is two kind liabilities for company owner's this called owner's equity , and liabilities for other and this come to kind , accrued in next 12 month called current liabilities , accrued after more 12 month called non current liabilities or long term liabilities

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It's the account that collects the amount which is you have to provide the service because its a responsibility of the company such as a ticket plane after you pay the amount still their responsibility to provide the services.

A liability account is  the amount owed to creditors for  a past period transaction , also it is an account tracks how much a business's owes a creditor

It tracks towed to9 for example banks.vendors

Accounting statement which tracks how much a person or business owes a creditor. The liability account tracks debts owed to banks, vendors, employees and any other creditor who had not yet been paid for products or services received.

 Liability is a lawfully required debt payable to another entity. Liabilities are incurred in order to fund the ongoing activities of a business. Examples of liabilities are accounts payable, accrued expenses, wages payable, and taxes.

A liability account is a general ledger account in which a company records its debt, obligations, customer deposits,customer prepayments, certain deferred income taxes, etc.

A liability account is a general ledger account in which a company records its debt, obligations, customer deposits and customer prepayments, certain deferred income taxes, etc. that are the result of a past transaction. ... The company with the liability account for the debt or payables is known as the debtor.