what is external liability all debts that are external from the business eg. bank loan,bank overdraft,
internal liability mean that company will pay salary, so salary is internal liability, and the company will pay interest to bank it is external liability.
Liability is that amount which is payable by company to internal or external users or people in short run or in long term or at the event of liquidation of company.
Current Liability
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.
Bonds are the form of finance which a company issue to external investors to get finance for running of business and bonds are issued to raise capital to use for investment or daily operations as it is a long term debt that;s why it is the liability of the company to payback to original investors at specific future time for which debt is raised.
internal liability mean that company will pay salary, so salary is internal liability, and the company will pay interest to bank it is external liability.
The total amount of debts payable by a business to its owners are called internal liabilities e.g., capital.Example-For a company Internal liability mean that company will pay salary, so salary is internal liability, and the company will pay interest to bank it is external liability.
Liability is that amount which is payable by company to internal or external users or people in short run or in long term or at the event of liquidation of company.
A strategic liability is a liability that is strategic.
Current Liability
Asset - Liability = Net Asset / Liability * Net Asset - When Asset is more than Liability * Net Liability - When Liability is more than Asset
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.
A Limited Liability Company (llc) would need to have its accounts certified by an external accountant (an auditor) and would have to pay ALL taxes due.
General liability covers Public and Producs Liability, therefore by having General Liability cover, public liability is covered also.
Bonds are the form of finance which a company issue to external investors to get finance for running of business and bonds are issued to raise capital to use for investment or daily operations as it is a long term debt that;s why it is the liability of the company to payback to original investors at specific future time for which debt is raised.
It comes under 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.