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.
a current liability
current liability
Yes, but the State will start an investigation as to why the employee was not on the books.
Yes, it would fall under 'obstruction of justice'.
Transfering to another department is not a means of clearing departmental accountable officers for official pecuniary liability.
The investigation could not prove negligence if there was no evidence of a breach of duty of care, the standard of care was met by the party under investigation, or there was no causal link between the actions of the party and the harm caused. Ultimately, negligence is a legal determination based on the specific facts and circumstances of each case.
Professional indemnity insurance pays for the legal costs and any judgments up to the coverage limit. Also it may help with conducting an investigation to help with your case.
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
Stephen P. Danese has written: 'An empirical investigation of the effects of the revenue/expense and asset/liability concepts of earnings and alternative measurement bases on comparative financial analysis'
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.
General liability covers Public and Producs Liability, therefore by having General Liability cover, public liability is covered also.
It comes under liability