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.
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.
current liability
a current liability
an obligation under which any of two or more obligors can be held liable for the entire performance (as payment of a debt) Solidary obligation is similar to joint and several liability in common law.
Solidary Groups are groups that people join to respond to solidary incentives - the social rewards that lead people to join political organizations
National Administrative Department of Solidary Economy was created in 1998.
Solidary benefits are selective benefits that are given to members of different faction groups. These benefits include friendship, networking, and consciousness raising. Solidary benefits are benefits that are the opposite of material benefits, they are intangible. --SC
for a sense of belonging to the group
solidary benefits
A solidary creditor cannot assign his rights without the consent of the other.
Solidary obligation can be classified as either joint or several. In a joint obligation, each debtor is liable for the entire obligation, whereas in a several obligation, each debtor is only liable for their portion of the debt.
Anhui University of Technology's motto is 'Being Solidary, Seeking Truth, Working Hard, Making Innovations'.
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