What is current liability

Answer Posted / s.usmani

It is liability that is required to discharge within one accounting period.

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the benefits ofparticipation in a depository?

1575


What is invoice accounting rules?

1337


I have been interview in next week my posting is accounts officer i have be manage with AP,AR,BRS and GL what Books i have read.

1561


deffered tax treatment in financial statements

1693


what do Loan Loss Coverage Ratio mens describe it with examples?

1747






Being BE student why you want to join bank?

1866


3. You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.

1599


In case of new admission of partner what will be the adjustment for the sharing ratios

1604


HOW MANY ACCOUNTING STANDARDS ARE PREVAILING IN INDIA AS DECLARED BY ICAI

1684


How will be prepare invoice in tally, please tell me step by step

2365


While posting of FB50 entry therE showing errro msg " NOT ASSIGN COMPANY CODE OR CALCULATION PROCEDURE"

1517


we can add the no. of increase in shares due to exercise of options,convertible debentures,warrants etc.Why diluted eps is calculated separately?

1550


I am going to attend an interview for the post of jr. Accounts Officer in airport authority of india,pls help me to prepare for the interview??

1486


how can i make transaction related to inflation account in sap ?

1570


what do u mean by arrear basic or arrear hra?

3275