Want this question answered?
Yes, it is a current liability.
A pension fund is considered a non-current asset but it is a long term investment fund .
current liability
Non-current liability, all provisions are non current.
a current liability
Yes, it is a current liability.
A pension fund is considered a non-current asset but it is a long term investment fund .
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).
current liability
Non-current liability, all provisions are non current.
a current liability
Payment On Current Liability Debit The Current Liability (say Sundry Creditor) (Liability Decreases) Credit Cash Or Bank (Current Asset Decreases)
Outstanding stock is an "owner's equity" account. It's on the same side of the accounting equation as liabilities, but it is not a liability.
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.
Yes it is a current liability
Current Liability
When liability is payable within one fiscal year then it is current liability while one liability is payable within more than one period then Is non-current liability.