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Anything that takes money out of your pocket is considered a liability.
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∙ 9y ago
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What are the classification in the liabilities?
liabilities can be classified as short term liabilities and long term liabilities
What is the current portion of long term debt classified with?
liabilities
How is the Bonds Payable account classified on the balance sheet?
It is classified under Long-term Debt/Liabilities
Type of liabilities?
There are several different types of liabilities. The two main types are current and long term. Then there are contingent liabilities which can be classified as either current or long time.
Liabilities are generally classified on a balance sheet as what?
Short-term and Long-term
What are the classification in the liabilities?
liabilities can be classified as short term liabilities and long term liabilities
Two common subgroups for liabilities on a classified balance sheet are?
current liabilities and long term liabilities
Are deposits assets or liabilities of a bank?
Customers deposits in a bank are the bank's liabilities because they are OWED to the customer.
The classified Balance Sheet will divide its Liabilities Section as the following subsections?
Current assets and property plant and equipment
What is the current portion of long term debt classified with?
liabilities
Where can one check online the UK bank fees?
Bank fees can be checked online on the website of the bank that you bank with as they will have the exact amount you have to pay as bank fees do vary from bank to bank.
How is the Bonds Payable account classified on the balance sheet?
It is classified under Long-term Debt/Liabilities
Type of liabilities?
There are several different types of liabilities. The two main types are current and long term. Then there are contingent liabilities which can be classified as either current or long time.
Where do you place mortgage payable in a classified balance sheet?
In the liabilities section
What are the primary assets and liabilities of a commercial bank?
Loan assets and investment assets are the primary assets of a commercial bank. Deposits and borrowing are liabilities also known as claims to a commercial bank.
Where does a secured bank overdraft go on a balance sheet?
The bank over draft appears in borrowings under liabilities heading
Liabilities are generally classified on a balance sheet as what?
Short-term and Long-term
