Current liability is a liability that will be paid for in a short period of time, usually consisting of less than a year. Accounts Payable are current liabilities, while notes payable are long term liabilities.
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
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
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.
Accounts receivable is a current asset, never a current liability.
Retained Earnings is a Non-Current Liability
Yes, salaries payable is a current liability.