State the term- liabilities, Accounting Basics

Assignment Help:

State the term- Liabilities

Current Liability is a debt which is due for payment within one year. Long-term liability is one NOT paid in a year.

OWNER'S EQUITY

Also requires an up-to-date amount for owner's capital.

 


Related Discussions:- State the term- liabilities

Asset, what is accounting

what is accounting

What is perpetual inventory records, Q. What is Perpetual inventory records...

Q. What is Perpetual inventory records? Perpetual inventory records Even though companies could apply perpetual inventory procedure by hand tracking units and dollars in and ou

DOUBLE ENTRY, HOW TO DO DOUBLE ENTRY QUESTIONS

HOW TO DO DOUBLE ENTRY QUESTIONS

Explain about accounting transaction, Q. Explain about Accounting transacti...

Q. Explain about Accounting transaction? An accounting transaction is a business event or activity that causes a measurable change in the accounting equation Assets = Liabiliti

A baker makes 500 cream-filled eclairs at a cost of $0.72 e, A baker makes ...

A baker makes 500 cream-filled eclairs at a cost of $0.72 each. He estimates that 10% of the eclairs will be sold the following day at a reduced price of $0.80 each. Find the mar

Equation, What is the accounting equation?

What is the accounting equation?

Accounting, what are the basics of accounting

what are the basics of accounting

Accounting concepts, What is the implication of applying accounting concept...

What is the implication of applying accounting concepts wrongly

Methods be treated on the financial statements, Honesty AL, CPA, is compil...

Honesty AL, CPA, is compiling financial statement of significant accounting policies, Honesty AL discovers that the method used to value inventory in the past was stated as "invent

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd