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What are examples for liabilities?

Updated: 9/24/2023
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What are the examples of financial liabilities?

A financial liability is defined as the obligation to give cash to another entity under certain conditions. Some examples of financial liabilities are accounts payable and loans.


What are the examples of balance sheet equation?

Assets =liabilities + owners equity


Examples of current liabilities?

accounts payable short term loan payable


What are examples of current liabilities?

Short term loans, Insurance prepaid a/c


What are the examples of current assets and current liabilities?

Some current assets include:CashMarket able securitiesA/C ReceivableSome current liabilities include:A/C payableNotes Payable


Give examples of non current liabilities and non current assets.?

Non-current assets are assets for which useful life are expected to be used for > 12 months and classified according to company's capitalization policy. Examples are building, machinery, land,and motor vehicles. Non-current liabilities are liabilities not expected to be repaid in the next 12 months. Examples are long term bank loan and lease payable.


What are the example of liabilities?

A financial liability is defined as the obligation to give cash to another entity under certain conditions. Some examples of financial liabilities are Accounts Payable and loans.


Current assets and current liabilities Examples?

Current Assets:1 - cash2 - bank3 - inventoryCurrent liabilities:1- accounts payable2 - loan payable3 - tax payable etc


Current liabilities and non-current liabilities?

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 accounting cycle) OR LESSNon-Current (aka Long-Term) Liabilities are liabilities that you cannot or do not expect to pay off in one year (accounting cycle), such as a Long Term Mortgage or Truck Note for examples.


If current liabilities are 7714 and total liabilities are 18187 what is the ratio of current liabilities to total liabilities?

Current Liabilities to Total Liabilities Ratio = Current Liabilities / Total Liabilities Current Liabilities to Total Liabilities Ratio = 7714 / 18187 Current Liabilities to Total Liabilities Ratio = 0.42 or 42%


What are Assets and liabilities?

Asset- An asset is something that the company owns. Examples of this are equipment, land, buildings, supplies, and cash. It can also include money owed to the company, and accounts receivable. Liabilities- A liability is something that the business owes to someone else. Some examples of this are loans and accounts payable.


What are the classification in the liabilities?

liabilities can be classified as short term liabilities and long term liabilities