0
Any amount which is returnable by the company to it's owners or outsiders on the event of dissolution of company that amount is called liability of company
Wiki User
∙ 10y ago
Wiki User
∙ 10y agoAny amount which is returnable by the company to it's owners or outsiders on the event of dissolution of company that amount is called liability of company
Add your answer:
Earn +20 pts
What do current liabilities mean in accounting?
Current Liabilities in accounting are amounts that are owed by a business. The two types of current liabilities are short-term and long-term liabilities.
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 does liabilities in company mean?
Liabilities in company means that company is liable to pay something to either creditors or third parties in some future time.
What are the classification in the liabilities?
liabilities can be classified as short term liabilities and long term liabilities
Do banks balance sheets have current liabilities?
Do you mean: can a bank balance be a liability? If so, yes. If a bank balance is an overdraft then that balance should be shown in current liabilities.
What do current liabilities mean in accounting?
Current Liabilities in accounting are amounts that are owed by a business. The two types of current liabilities are short-term and long-term liabilities.
How do you get Trade credit?
what do you mean by liabilities
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 does net liabilities mean?
Net Liabilities are its debts after its current assets are sold. A company's current assets are those that will be sold within one year.
What does liabilities in company mean?
Liabilities in company means that company is liable to pay something to either creditors or third parties in some future time.
What are the classification in the liabilities?
liabilities can be classified as short term liabilities and long term liabilities
Do banks balance sheets have current liabilities?
Do you mean: can a bank balance be a liability? If so, yes. If a bank balance is an overdraft then that balance should be shown in current liabilities.
What does liquidity mean in accounting terms?
Liquidity means availability of enough cash to payout all the liabilities of business at the time when all liabilities or any liability become due to be paid.
What does in mean when long term liabilities is less than current liabilities?
It means that the business is conducted out of short term cash. Hence small changes in the environment can affect the cash flow.
Does a credit card balance in the fund balance account at the end of the year mean the fund has sufficient cash to pay its liabilities in a timely manner?
No. A credit balance in the fund balance accounts does not mean there is sufficient cash to pay liabilities in a timely manner. The assets are likely to include taxes receivable, and it is possible that the reported liabilities will exceed the cash balance
If the debt equity ratio is 1.0?
it's mean that total assets and total liabilities are equal for example: total assets are 50,000 and total liabilities are 50,000 so the debt ratio is 1
Two common subgroups for liabilities on a classified balance sheet are?
current liabilities and long term liabilities
