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Is a customer deposit a current liability?
Yes, customer deposits is that amount which is received in advance for the services in future.
Is fixed deposits is an asset or liabilities?
Liability
Is liability for withholding taxes a current or non current liability?
current liability
Is demand deposits an asset or liability?
mkm,
Are lease provisions a current liability or non current liability?
Non-current liability, all provisions are non current.
Should customer deposits be shown on the balance sheets as a current liability or as unearned income?
Customer deposits should be shown on the balance sheets as a current liability. This is because the deposits represent an obligation or liability to the company to fulfill the customer's orders or requests. It does not meet the criteria to be recorded as unearned income, which typically refers to amounts received in advance of the company providing goods or services.
What are the liability products in banking?
Current Accounts, savings accounts, Demand drafts and cash deposits are all liability products offered by banks to its customers.
Is a customer deposit a current liability?
Yes, customer deposits is that amount which is received in advance for the services in future.
Is fixed deposits is an asset or liabilities?
Liability
Is liability for withholding taxes a current or non current liability?
current liability
What constitutes banks largest liability?
deposits
Is demand deposits an asset or liability?
mkm,
Are lease provisions a current liability or non current liability?
Non-current liability, all provisions are non current.
Is Demand loan a current liability or a long term liability?
a current liability
is a security deposit as an asset or a liability?
Security deposits from customers side is a liability for business.
If payment on a current liability?
Payment On Current Liability Debit The Current Liability (say Sundry Creditor) (Liability Decreases) Credit Cash Or Bank (Current Asset Decreases)
Are creditors considered as current liability?
Yes, it is a current liability.
