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Q: Is light and heat a current liability?
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Related questions

Is liability for withholding taxes a current or non current liability?

current liability


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


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.


What is the difference between current liability and total 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.


Are billings in excess of cost a current liability or long term liability?

Yes it is a current liability


Is Creditors an asset or liability?

Current Liability


What causes electrical energy to be transformed into heat and light energy as a current flows in a light bulb?

Eletric current


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 accounts recievable a current liability?

Accounts receivable is a current asset, never a current liability.


Is retained earnings a current liability?

Retained Earnings is a Non-Current Liability