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no, it is current 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.
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.
The ratio between current assets to current liability is called "Current Ratio".
If this bond payable is payable within one fiscal year then it is current liability otherwise if it is not payable within one fiscal year then it is non current liability.
no, it is current 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.
If you are asking the differences between the two, it is pretty much straightforward. Current Liabilities are any liabilities that you owe and you can reasonably pay off in one-year or less (or one... Accrued liabilities are a current liability if they are due within one year.Contingent Liability is a current liability in most cases, but there is possibility for non-current contingent liability as well. As a individual taxpayer any thing that you own is a current personal asset. An individual taxpayer can also have some business assets to be counted you would add the value of all of those items and...
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.
The ratio between current assets to current liability is called "Current Ratio".
Current liability is a liability that will be paid for in a short period of time, usually consisting of less than a year. Accounts payable are current liabilities, while notes payable are long term liabilities.
If this bond payable is payable within one fiscal year then it is current liability otherwise if it is not payable within one fiscal year then it is non current liability.
the difference between total current assets and total liability is the working capital. It goes with a formula 'current asset -current liability =working capital '
Current liabilities included all liabilities payable in current fiscal year like accounts payable, current portion of long term liability etc.
Current liabilities are liabilities that are due within 12 months. Short term debt is a current liability. However, there are other current liabilities. For example, taxes payable, interest payable, wages payable, accounts payable. Therefore, short term debt is not the same as current liabilities. (Short term debt is a current liability, but not all current liabilities are short term debt.)
Accrued liabilities are a current liability if they are due within one year.
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 ?