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Is Creditors an asset or liability?
Current Liability
How is a liability increased by a credit or debit?
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.
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 liability for withholding taxes a current or non current liability?
current liability
Is Demand loan a current liability or a long term liability?
a current liability
What is the least expensive form of business organization?
Limited liability company which has single director
What is the single most frequent cause of loss relevant to general liability?
what is the single most frequent cause of loss relevant to general libility?
Does liability insurance cover death in a single car accident?
Liability coverage is "third-party" insurance that pays for injuries or death to another person as a result of the insured's negligence (carelessness). There are different types of it, not just car-related. Whether or not it applies in a given situation depends upon the dynamics of the occurrence. Therefore, if the theory of the negligence was, for example, that a landowner created a dangerous condition that proximately caused the single-car collision, the landowner's liability insurance could arguably be triggered so as to cover the incident. If a passenger was killed in a single car collision, the driver/owner's liability coverage may be triggered if the driver was negligent in the operation of the vehicle.
What is the general liability class code for dwellings owned by insured?
63010 for Dwellings - Single Family. Rating basis is the area of the dwelling.
Where can one find information regarding a single member llc?
A single-member LLC is a liability company with only one member. One can find information on a single-member LLC including tax information and forms at the IRS official website.
What is an strategic liability?
A strategic liability is a liability that is strategic.
Is Creditors an asset or liability?
Current Liability
What is net liability?
Asset - Liability = Net Asset / Liability * Net Asset - When Asset is more than Liability * Net Liability - When Liability is more than Asset
Effective 100106 all taxicabs are required to maintain the following insurance to register a vehicle in Florida Property Damage Liability must be?
$125,000.00Effective 10/01/06, all taxicabs are required to maintain the following insurance to register a vehicle in Florida:Bodily Injury Liability per person:$125,000Bodily Injury Liability per occurrence: $250,000Property Damage Liability: $ 50,000or Combined Single Limit Coverage: $300,000
How is a liability increased by a credit or debit?
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.
What is public liability insurance and how is it different from general liability insurance?
General liability covers Public and Producs Liability, therefore by having General Liability cover, public liability is covered also.
Is a cheque account an asset or liability?
It comes under liability
