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Is long term debt an operating liability?
NO. But the Current maturities of long-term debt is an operating liability.
Is allowance for doubtful debt a current liability?
no
Is short term debt a current liability?
Yes short term debt is a current liability for business and payable normally within one fiscal year and shown under current liability section of liability side of balance sheet.
Is bad debt a current liability or expense?
Bad debt is expense to reduce the amount of accounts receivable not recoverable from customers.
Is Bad debts an asset or liability?
Neither, a bad debt becomes an expense on the P&L. the provision created against this is liability
What type of liability so stockholders have when it comes to corporate debt ad responsibility?
what type of liability do stockholders have when it comes to corporate debt and responsibility
What is liabilities?
liability is a debt.
What is the difference between a debt and a liability?
A liability is generally anything that costs you money. A phone bill is a liability. A debt is a kind of liability. You can take out a loan for a car- that is a debt; something owed in the future.
Is long term debt an operating liability?
NO. But the Current maturities of long-term debt is an operating liability.
How do you spell liability?
That is the correct spelling of "liability" (responsibility, debt, or burden).
What is another word for liability?
Debt
What is a certificate issued by the government that guarantees the payment of a debt?
bond
Is allowance for doubtful debt a current liability?
no
Is short term debt a current liability?
Yes short term debt is a current liability for business and payable normally within one fiscal year and shown under current liability section of liability side of balance sheet.
How is debt expressed on a balance sheet?
Debt is shown in liability side of balance sheet as per the payment time duration if within one year then current liability otherwise long term liability.
What if the collector ingnores a request to validate the debt?
Without valid debt there can not be liability. In amity.
What are the journal entry for bank guarantees?
At the time of issuance of BG Dr : Constituent's Liability for BGs issued Cr : Acceptance, Endorsement & Other Obligations - Bank Guarantees and at the time of cancellation / closure of BG from the books Dr : Acceptance, Endorsement & Other Obligations - Bank Guarantees Cr : Constituent's Liability for BGs issued
