Calculation of Liabilities from Balance Sheet
What do we mean by Liabilities in a Balance Sheet?A liability is something that a business has to pay to its stakeholders and third… Read Article
Liabilities
Debt vs Liabilities – All You Need to Know
Debt and Liabilities are two very crucial accounting concepts—even those who do not have an accounting or finance background use both terms regularly. In… Read Article
Unearned Revenue
Unearned revenue is the money that the individual or company receives before providing or delivering the services and goods. It can be the prepayment… Read Article
Deferred Tax Liabilities – Meaning, Example, Causes and More
Deferred Tax Liabilities or Deferred Tax Liability (DTL) is the deferment of the due tax liabilities. In other words, when the due tax will… Read Article
Short-term Liabilities
A liability is a debt or legal obligation of the business to another individual, bank, or entity. There could be both short-term liabilities as… Read Article
Assets vs Liabilities – All You Need To Know
Even if you don’t have a business or accounting or financial background, you would have heard the terms assets and liabilities. These terms are… Read Article
Classified Balance Sheet – Meaning, Importance, Format And More
The classified balance sheet shows various information under different subcategories. In simpler terms, the major items such as assets, shareholders’ equity & liabilities, and… Read Article
Current Liability – Meaning, Types, Accounting And More
Current Liability is a financial obligation that a company needs to pay within a year of incurring it. Also known as short-term liability, a… Read Article
Accrued Expense – Meaning, Accounting Treatment And More
Accrued expense or accrued liabilities is the term describing the payments or expenses that the company incurs or recognizes but would be due for… Read Article
Deferred Revenue – Meaning, Importance And More
Deferred revenue is the money that a company receives even before earning it, or we can simply say advance payment. Companies do not report… Read Article
Debentures in Accounting
A debenture is a document that acknowledges the debt. Debentures in accounting represent the medium to a long-term instrument of debt that large companies… Read Article