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no, it is 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.
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.
it is current, if the account has not been paid and is past due after 30 days, it goes into collections. There is no such thing as a non-current accounts receivable.
Yes, as tax is paid normally in next fiscal year so it is current liability and shown under current liability section
no, it is 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.
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.
it is current, if the account has not been paid and is past due after 30 days, it goes into collections. There is no such thing as a non-current accounts receivable.
Yes, as tax is paid normally in next fiscal year so it is current liability and shown under current liability section
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...
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)
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.