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Current Liabilities
Long Term Liabilties
Contigent Liabilities
Liabilities can be broadly categorized into two main types:
Current Liabilities: These are short-term obligations that a company or individual is expected to settle within one year. Examples include short-term loans, accounts payable, and accrued expenses.
Non-current Liabilities: Also known as long-term liabilities, these are obligations that extend beyond one year. Examples include long-term loans, bonds, and deferred tax liabilities.
Short term liabilities: For the short term liability or debt should be payable within one year is known as Short Term Liability.
Long term liabilities and Contingent Liability: for the long term liability the payable term is more than a one financial year.
Contigent Liability: its means the liability which could be occur depending on outcome of future event.
1- Current liabilities :- are a company's short-term financial obligations that are due within one year or a normal operating cycle (e.g. accounts payable).
2- Long-term (non-current) liabilities are obligations listed on the balance sheet not due for more than a year
Current liabilities are debts and obligations that a company needs to settle within a year or its operating cycle. They include amounts owed to suppliers, short-term loans, accrued expenses, and other financial obligations due in the near term.
Non-current liabilities, also known as long-term liabilities, are financial obligations that are not expected to be settled within the normal operating cycle of a business, typically extending beyond one year. They represent long-term financial commitments that a company owes to creditors or other parties.
Contingent Liabilities: Potential liabilities dependent on the outcome of future events, such as lawsuits or warranties.
Liabilities are three typs.
Certainly! In simple terms, liabilities are divided into three main types:
Current Liabilities: These are debts or obligations that a company needs to settle within a short period, typically within one year. Examples include bills to be paid, loans due soon, and taxes owed.
Long-Term Liabilities: These are debts or obligations that are due over a longer period, usually more than a year. Examples include long-term loans, mortgages, and bonds payable.
Contingent Liabilities: These are potential obligations that might arise in the future depending on certain events, like lawsuits or warranties. They're not certain liabilities yet but could become so under specific conditions.
there are six type of liabilities.
Liabilities can be catetorised in three categories
Current Liabillities, Non Current or Long term Liabilities, Contingent Liabilities.
Current Liabilities and Non- Current Liabilities Recognised in Balance Sheet. But Continget Liability reported in Notes to Financial Statements.
الالتزامات المتداولة (قصيرة الأجل) , والالتزامات غير متداولة ( طويلة ومتوسطة الأجل)
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