Question
Explain what is liabilities and what all does include in current liabilities?
Answers
Liability can be defined as an obligation towards another company or party. It may consist of delivering goods, rendering services or paying money. They are the opposite of assets, and it may include

Account payable
Interest and dividend payable
Bonds payable
Consumer deposits
Reserves for federal taxes
Short term loans   Your Comment




  • Contributors: *,
More Finance Questions..
Very important Financial Tips that everyone should know..
What is a blank endorsement?
What is the difference between profit and gain?
What Is Account?
what is discount cash flow management?
List out things that fall under intangible asset?
How are period costs reported in the financial statements?
Tell me is financial accounting necessary?
Explain what is “over the counter market”?
What is gaap?
What are the most important goals of accounts receivable?
What are the basic financial statements?
Inspiron 1501 has complete care warranty and got dropped by customer accidentally. What kind of DPS do we create?

(A)Depot CCC

(B)Depot SCC

(C)Onsite with all needed parts

(D)Exchange System
Define the coefficient of correlation when in a negative amount?
Explain what is inflation and how is it measured?
When should a product warranty liability be recorded?
The Western Union Company , a global leader in money-transfer services, has recently announced the launch of its Digital Vendor Program intended to extend the reach and accessibility of Western Union Money Transfer(r) services to mobile finance initiatives in?
What is fbt (fringe benefit tax)?
Which items on a bank reconciliation will require a journal entry?
What are the different fields of accounting?


Search
Can you Answer!!
  • Q What are the default methods provided by decorators?
  • Q Who was the heroic baggage handler at the attempted Glasgow airport car-bombing?
  • Q Answer the first Indian who was banned for using anabolic steroid in Olympic games
  • Q How do we capture the user Data in VisualForce page?
  • Q In 2012 Harvard professor Jonathan Tilley announced research apparently proving (contrary to all previous medical thinking) what human feature can be enabled to be replenished in the host body: Teeth; Brain tissue; Eggs; or Heart?
  • Q How to implement routing in Angular?
  • Q Which hydrocarbon is mainly present in gobar gas?
  • Q How far can css be taken beyond the web page--that is, have generalized or non-web specific features for such things as page formatting or type setting?
  • Q Who attended the Congress of Depressed Nationalists at Brussels in 1927, on behalf of the National Congress?
  • Q How old was Krishna when he held aloft the Govardhan Mountain?
  • Q The Union government will organize North East Calling event in which city to promote tourism of North East India?