Liabilities


Liabilities : These are the debts of a corporation or organization. They are usually divided into current liabilities, being those which are due and payable within one year; and long-term liabilities, those payable beyond one year. Current liabilities would include such items as accounts, taxes and dividends payable; bank overdraft; accrued expenses; and the current portion of long-term debt. Long-term liabilities would include bank loans, mortgages, bonds and debentures
No records Found
afaatim.com copyright © April 2016 Dr.K.R.Kamaal. All rights reserved