answersLogoWhite

0

There are several different types of liabilities. The two main types are current and long term. Then there are contingent liabilities which can be classified as either current or long time.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

What type of information does a balance sheet provide?

company assets and liabilities.


If current liabilities are 7714 and total liabilities are 18187 what is the ratio of current liabilities to total liabilities?

Current Liabilities to Total Liabilities Ratio = Current Liabilities / Total Liabilities Current Liabilities to Total Liabilities Ratio = 7714 / 18187 Current Liabilities to Total Liabilities Ratio = 0.42 or 42%


What are the classification in the liabilities?

liabilities can be classified as short term liabilities and long term liabilities


What type of insurance coverage is recommended for vending machines to protect against potential risks and liabilities?

For vending machines, it is recommended to have commercial general liability insurance to protect against potential risks and liabilities.


Can money be garnished from your business bank account for a shortage on foreclosure?

Whether your money can be garnished depends on the type of business you have. If you have a corporation, your personal liabilities are separate from your business liabilities, which means your corporation's bank account will not be garnished.


Two common subgroups for liabilities on a classified balance sheet are?

current liabilities and long term liabilities


What type of liability does sainsburys have?

Sainsbury's, like any large retail corporation, has several types of liabilities, including operational liabilities such as accounts payable, lease obligations for its store locations, and employee-related liabilities. Additionally, it may face legal liabilities arising from product liability claims or regulatory compliance issues. Financially, Sainsbury's may also have long-term debt obligations related to financing and investments. Overall, these liabilities are essential for the company's operations and financial management.


Do Debts owed by a business are referred to as?

Liabilities Liabilities


What is the formula for finding liabilities?

Assets - Capital = Liabilities


Is accrued expenses payable is an asset or liabilities?

Liabilities


What do current liabilities mean in accounting?

Current Liabilities in accounting are amounts that are owed by a business. The two types of current liabilities are short-term and long-term liabilities.


What is the difference current liabilities and fixed?

A fixed liabilities are a type of debts, bonds, mortgages and loans that are payable over a term exceeding one year, whereas, current liabilities are often understood as all liabilities of the business that are to be settled in cash within the fiscal year......e.g, accounts payable for goods, services or supplies that were purchased for use in the operation of the business and payable within a normal period of time would be current liabilities P.s you know you can simply google this...just saying