Current Liability
Liability has credit balance as normal balance so credit increases the liability which means addition to current liability will increase the overall liability and reduction in liability will reduce overall 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.
a current liability
current liability
Distributors - No Food or Drink
Both. The owner has the ultimate legal liability .
You most definitely will have to carry a license to sell any product, especially food, and I have never see a license requirement that did not liability insurance also require liability insurance. Hope that helps! (I found the anser on google)
A strategic liability is a liability that is strategic.
Current Liability
It's liability insurance for a business. It contains a bunch of stuff a homeowner's policy, or a motorist's policy, would not. A restaurant would be covered against choking, food poisoning and adverse food reactions. My company is insured against someone falling off the loading dock.
Asset - Liability = Net Asset / Liability * Net Asset - When Asset is more than Liability * Net Liability - When Liability is more than Asset
Liability has credit balance as normal balance so credit increases the liability which means addition to current liability will increase the overall liability and reduction in liability will reduce overall liability.
General liability covers Public and Producs Liability, therefore by having General Liability cover, public liability is covered also.
Look for a Businessowners policy - THis will provide you with Property, General Liability, Crime and Food Spoilage.
It comes under 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.