Liabilities
Posted by
Muhammad Younus Morty
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Liabilities
An amount of money in a company that is owed to someone and has to be paid in the future, such as tax, debt, interest, and mortgage payments
Quality of Liabilities,
- Due / obligation in result of past events
- To be settled in future.
Type of Liabilities.
- Current Liabilities those should be settled within year.
- Non-Current those will be settled after year.
Current Liabilities
- Account Payable
- Note Payable
- Bank Loan
- Bank Over Draft
- Unearned
- Short Terms Liabilities
- Accrued Expense
Non-Current Liabilities
- Mortgage Payable
- Debenture Payable
- TFC & PTC.
- Long Term Liabilities.
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