As per accounting standards, what is the meaning of "Short Term Liabiliti

As per accounting standards, what is the meaning of "Short
Term Liabilities and Long Term Liabilities:? As the Company
can change the classification based on their business? Or
these meanings are fixed?

Question Posted / sreedhar

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As per accounting standards, what is the meaning of "Short Term Liabilities and Long Term Lia..

Answer / shirish

Short term liabilites means those liabilities which are
paid imedately like Bills Payble and lond term liabilities
are those liabilities which are taken for use of long
period like Share capital Bank o/d.

No.

These are fixed.

Is This Answer Correct ?

6 Yes

0 No

As per accounting standards, what is the meaning of "Short Term Liabilities and Long Term Lia..

Answer / teja srinivas

short term liability means those liabilities which are
cleared in one financial period
Long term liability means those liabilities which can't be
cleared in 1 financial year

Is This Answer Correct ?

4 Yes

0 No

As per accounting standards, what is the meaning of "Short Term Liabilities and Long Term Lia..

Answer / guest

These meanings are fixed

Is This Answer Correct ?

4 Yes

3 No

As per accounting standards, what is the meaning of "Short Term Liabilities and Long Term Lia..

Answer / anil

Short term liabilty means less lend money for lee tna one
year
long term liability which is more tha one year

Is This Answer Correct ?

2 Yes

2 No

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