What are current and noncurrent liabilities?

Answers

  • Réponse publiée par: Jelanny
    Liabilities

    In accounting, liabilities are the resources that a company owes to another company or people.

    Two types of liabilityCurrent liability - liabilities that must be paid within a year or within the operating cycle of the company.Non-current liability - liabilities that will be paid later than a year or operating cycle of a business.

    #answerForTrees

  • Réponse publiée par: RoseTheShadowHunter

    Subject Economics

    LIABILITIES

    In accounting, liabilities are the payables, debts or obligations of a business to settle to another business or entity. Liabilities have two main categories:

    1. Current Liabilities

    -these are payables or debts of a business which are short-term payables that needs to be paid or settled by the business within a year.

    Some Examples of Current LiabilitiesAccounts PayableInterest PayableIncome Tax PayableAccrued ExpensesShort-term loans2. Non-Current Liabilities

    -these are payables or obligations of a business that are long-term liabilities that can be settle after a year or more than a year.

    Some Examples of Non-Current LiabilitiesBonds PayableLong-term Notes PayableDeferred Tax LiabilitiesMortgage Payable

    Further topics about assets and liabilities

    What is the opposite of assets

    For related topics about accounting equation

    Code: 11.11.3.8.

  • Réponse publiée par: snow01
    Ang input ay ang pangunahing proseso tapos ang output ay ang produktong nagawa na halimbawa magluto ka ng kanin ang input ay ang bigas, tubig, kaldero at iba pa. ang labas nito pagkatapos lutuin ay kanin na.
  • Réponse publiée par: mildredjingpacpavhvg

    Is the process of turning raw materials into finish goods and products in manufacturing process.

    Explanation:

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What are current and noncurrent liabilities?...