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Current Liability:

Current liability is a specific liability and it is short term and mostly it is paid within the year.

Total Liability:

Total liability is the sum of all liabilities like current liabilities, outstanding liabilities etc.

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Q: What is the difference between current liability and total liability?
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What is the difference between total current assets and total current liabilities is?

the difference between total current assets and total liability is the working capital. It goes with a formula 'current asset -current liability =working capital '


What is the difference between net worth and total liabilities?

Net worth is the liability of the business entity to the owner whereas total liabilities is the total of all liabilities of the business entity. ( however normally when we speak of total liabilities of the business we may/can exclude the liability of the business to the owner)


If you had total assets of 11700 a net working capitgal of 1400 owners equity of 5000 and long term debt of 3500 what is the value of current assets?

Balance Sheet is Total assets = total liability N.W.C = Current Assets - Current Liabilities First find out Current Liability Current Liability = Total Assets 11,700 - Total Debt Equity 8,500 = 3,200 CL 3,200 + N.W.C 1,400 = 4,600 Current Assets TA 11,700 = CA 4,600 + OA 7,100 TL 11,700 = CL 3,200 + OE 5,000 + Debt 3,500


What is the difference between current assets vs total assets?

Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula showTotal assets = current assets + fixed assets


What is current liabilities to total assets ratio?

Current liabilities to total assets ratio is the comparison between total assets in business with current liabilities in business.

Related questions

What is the difference between total current assets and total current liabilities is?

the difference between total current assets and total liability is the working capital. It goes with a formula 'current asset -current liability =working capital '


Difference between net worth and working capital?

Working Capital is the difference between Current Assets and Current Liabilities.Net Worth is Total Assets -Total Liabilities current asset-current Liability=Working Capital working Capital Plus+Fixed Asset-LongTerm Liabilities = Net Worth in another word: (Current Asset+Fixed Asset)-(current Liability+Long Term Liability)= Net Worth Now you got it ?


Is shareholders equity include in the total liability?

By definition, the answer is no.Total liabilities include current and long term liabilities and the sum is "Total Liabilities".Looking at the definition below, the difference between "total liabilities" and "total assets" results in the SH equity.Shareholders' Equity = Total Assets - Total Liabilities


What is the difference between net worth and total liabilities?

Net worth is the liability of the business entity to the owner whereas total liabilities is the total of all liabilities of the business entity. ( however normally when we speak of total liabilities of the business we may/can exclude the liability of the business to the owner)


If you had total assets of 11700 a net working capitgal of 1400 owners equity of 5000 and long term debt of 3500 what is the value of current assets?

Balance Sheet is Total assets = total liability N.W.C = Current Assets - Current Liabilities First find out Current Liability Current Liability = Total Assets 11,700 - Total Debt Equity 8,500 = 3,200 CL 3,200 + N.W.C 1,400 = 4,600 Current Assets TA 11,700 = CA 4,600 + OA 7,100 TL 11,700 = CL 3,200 + OE 5,000 + Debt 3,500


What is the difference between thedolite and total station?

What is the difference between theodolite and total station?


What things do you need before making a balance sheet?

Assets: current assets (incl. cash, accounts receivable, inventory) and non-current assets (intangable, tangable and investment types) which equal total asset. Liabilities: current liabilities (incl. provisions, debt, accounts payable, accruels) and non-current liabilities (incl. long-term debt, payables and provisions) which make up the total liability. If the company is limited liability then owners equity, which includes capital and retained earnings. Total asset less total liability and owners equity should equal zero. That is: TA - (TL + Equity) = 0. Where TA is total asset and TL is total liability. ~MB


What the difference between current assets vs total assets?

Current assets are assets include assets that will converted into cash or consumed in the current operating period while total assets include all assets regardless of when they will be converted to cash or consumed.


What is the difference between current assets vs total assets?

Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula showTotal assets = current assets + fixed assets


What is the difference between total customer value and total customer cost?

The difference between total customer value and total customer cost is__________.


What is current liabilities to total assets ratio?

Current liabilities to total assets ratio is the comparison between total assets in business with current liabilities in business.


What is the diffrence between thedolite and total station?

What is the difference between theodolite and total station?