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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... Yes, Current Liabilities are liabilities that will be paid off in one year or less. Accounts Payable is where you record such liabilities. If it's a payment that will be made in more than one year.
What else can I help you with?
Is bonds payable a noncurrent liability?
no, it is current liability
How is the bonds payable classified on the balance sheet?
Bonds payable is classified as liability in balance sheet. That portion which is payable in current fiscal year as current liability while remaining portion as non-current liability.
Are bonds payable a current liability?
Yes bonds payable means liability..first of all wherever the word payable denotes for paying that shows liability
Bonds payable are reported on the balance sheet at?
bonds payable are shown in balance sheet under current as well as non-current liability portion as that much amount which is payable within current year is current liability and remaining is non-current liability.
Is bonds payable of 5000 issued at 99 dollars is it a current liability or noncurrent liability?
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.
Is salaries payable a current liability?
Yes, salaries payable is a current liability.
Is the bonds payable a current liability?
Bonds payable are typically classified as long-term liabilities, as they are debts that usually have maturities longer than one year. However, if a portion of the bonds is due within the next 12 months, that portion would be classified as a current liability. The remainder would remain a long-term liability on the balance sheet.
Is bonds 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... Yes, Current Liabilities are liabilities that will be paid off in one year or less. Accounts payable is where you record such liabilities. If it's a payment that will be made in more than one year.
What is meant by expenses payable?
Expense payable is a current liability.
3 When is a liability classified as a current liability ad as a noncurrent 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.
Is bonds payable normally debit or credit?
Bonds Payable would be a liability and therefore normally maintain a credit balance.
Is interest payable a current asset?
No it is a current liability
