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Is Creditors an asset or liability?
Current Liability
What is creditors for good assets or liability?
Liability
Is pension fund a current liability or non current liability?
A pension fund is considered a non-current asset but it is a long term investment fund .
What is an example of an current liability account?
Trade Creditors Accrued expenses Prov. for annual leave Prov. for taxation Income in advance
Is creditors a asset or liability?
creditor is a liabiliity
Is Creditors an asset or liability?
Current Liability
What is a Current liability on the balance sheet?
Current liability is that amount which is payable by company within one fiscal year and the amount payable to creditors or other third parties.
What is creditors for good assets or liability?
Liability
How to treat Creditor in a balance sheet?
Creditors are the people which gives products on credit to business for payment in future, as it is liability of business so it is shown under current liability at liability side of balance sheet .
Is pension fund a current liability or non current liability?
A pension fund is considered a non-current asset but it is a long term investment fund .
What is an example of an current liability account?
Trade Creditors Accrued expenses Prov. for annual leave Prov. for taxation Income in advance
What is the amount owed to creditors called?
liability
Is creditors a asset or liability?
creditor is a liabiliity
Is saleries payable a current liability?
Yes, Salaries Payable would be considered a Current Liability as the company will pay the amount off in less than one year (or one accounting period).Current Liability as any liability that will be fully pad for in one year (or less).
Is liability for withholding taxes a current or non current liability?
current liability
Transaction that will decrese an asset anf decrease a liability?
Payment to the creditors Creditors Decrease Bank balance decrease
Is checking your account an asset or a liabilities?
Checking your account can be considered an asset as it represents the funds you have available for use. However, it can also be seen as a liability if your account has a negative balance or if you owe money to the bank or other creditors.
