A liability is anything owed to one company/person by another.
If you owe money to someone it is a liability.
Yes, it is a current liability.
If rent is payable then it is liability for business but if rent is already paid then it is not liability but it is expense.
It is a liability
Accounts payable is a liability. All payable accounts are considered a liability because it is something you owe another person/company.
liability
Yes, it is a current liability.
The loan is considered a liability - The value of the company is the equity.
Tax paid on purchases are considered a liability. Anything paid to another is considered a liability for businesses because they are spending money.
If rent is payable then it is liability for business but if rent is already paid then it is not liability but it is expense.
It is a liability
Accounts payable is considered a liability on a company's balance sheet.
The other parties liability should if it was their fault. Your liability should cover the vehicle you damaged.
Yes, rent is considered a liability because it represents an obligation to pay for the use of a property or space over a specific period of time.
It is an asset.
Accounts payable is a liability. All payable accounts are considered a liability because it is something you owe another person/company.
liability
yes