Posts Tagged current liability

Liability

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Liability Liability is the monetary value of owed cash, product and services from other party on some condition. The company or individual who borrowed the amount is call borrower and the source provides the amount called lender. Liabilities are divided into two types. 1- Current Liabilities 3-Non- Current Liabilities Current Liabilities Current liabilities are the debts, which are paid within a time period of year. E.g. Note payable, Account Payable. Non-Current ... Full article
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