current liability
Drawings are classified as an liability to the business
Drawings are classified as an liability to the business
Non-current liability, all provisions are non current.
a current liability
current liability
Drawings are classified as an liability to the business
Drawings are classified as an liability to the business
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)
Yes, it is a 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.
Yes it is a current liability
Current Liability
an expense
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.