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liability are owed capital
it can further be divided into two parts
1. long term liabilities:these debts have to be repaid after more than one year as bank loans2.current liabilities:these debts have to be repaid within a year such as creditors
What else can I help you with?
What is meant Payment through bank in business terminology?
Covering letter for bank
What is a Ltd in business?
Ltd in business terminology means "limited". It stands for a business with limited liability, in other words you can only sue them for so much, depending on the companies assets and investment.
What is meant by the term civil liability?
The term "civil liability" means that another person or a business can sue you and end up being awarded damages by the courts. Civil liability is distinguished from Criminal liability.
Is accounts payable helps the business?
The syntax of the question is flawed and therefore unanswerable as stated. However, if you meant 'are accounts payable an asset to the company or a liability?' -the answer is that payables represent what you owe to somebody and are therefore a minus(liability) to overall net worth of the business.
Do you have to have a business name to take out general liability ins?
A business name is not required to obtain general liability insurance for your business. It is recommended that you incorporate your business to limit your liability.
Is A property or liability insurance policy a business or liability contract?
A property is not a contract or a business. A liability insurance policy is a kind of contract but not a business. the answer is b...
Is a loan an asset or liability to a business?
Liability
Where can a business owner purchase business liability?
A Business Owner can purchase Business Liability online at the website of Hiscox. You can go to their website and also get an online quote. You can also purchase Business Liability Insurance online at Geico. They have four Business Insurance options including Professional Liability Insurance.
Business Liability Insurance ?
form_title=Business Liability Insurance form_header=Protect your business with the right business liability insurance for your needs. What is the annual revenue of your company?=_ Does your company currently have insurance coverage?= () Yes () No What type of business liability insurance do you need? (Check all that apply)= [] General Liability [] Workers Compensation [] Business Owners Policy (BOP) [] Property [] Professional Liability [] Business Travel [] Business Automobile
Is additional paid in capital an asset or liability?
1. Capital introduced in business is liability of business towards it's owner to payback, so if owner's introduce more capital it increases the liability of business that's why it is also liability.
Is drawing an asset or a liability?
Drawings are classified as an liability to the business
Is drawing a asset or liability?
Drawings are classified as an liability to the business
