Financial Liabilities: Difference between revisions
Jump to navigation
Jump to search
(Created page with "Financial Liabilities are what the business owes to others including: *") |
No edit summary |
||
| Line 1: | Line 1: | ||
[[Financial Liabilities]] are what the business owes to others | [[Financial Liabilities]] are what the business owes to others. | ||
* | In a [[Balance Sheet Report]], [[Financial Liabilities]] are listed in order of their required payment date. | ||
* Current Liabilities | |||
** Outstanding [[Suppliers Bills]] | |||
** Interest payable | |||
** Rent, tax, utilities | |||
** Wages payable | |||
** Customer prepayments | |||
** Dividends payable and others | |||
* Long-term liabilities | |||
** Interest and principle on bonds issued | |||
** Pension fund liability | |||
** Deferred tax liability | |||
Note that some liabilities are off-balance sheet, meaning that they will not appear on the balance sheet. Operating leases are an example of this kind of liability. | |||
Latest revision as of 09:39, 21 April 2017
Financial Liabilities are what the business owes to others.
In a Balance Sheet Report, Financial Liabilities are listed in order of their required payment date.
- Current Liabilities
- Outstanding Suppliers Bills
- Interest payable
- Rent, tax, utilities
- Wages payable
- Customer prepayments
- Dividends payable and others
- Long-term liabilities
- Interest and principle on bonds issued
- Pension fund liability
- Deferred tax liability
Note that some liabilities are off-balance sheet, meaning that they will not appear on the balance sheet. Operating leases are an example of this kind of liability.