Question

Employees dues is a which type of liability?

Answer 1

Answer:

The dues for the period prior to 24 months preceding the liquidation commencement of workmen and for the period prior to 12 months preceding the liquidation commencement date of employees are treated as unsecured debt and have to be paid as dues of unsecured creditors.

Answer 2

CURRENT LIABILITIES

Employees dues comes under the category of current liabilities.

GETTING TO KNOW MORE ABOUT CURRENT LIABILITIES:

* The phrase "current  liabilities" refers to a company's short-time period economic commitments which might be due inside a 12 months or inside a normal operational cycle.

* Current liabilities are typically settled with present day belongings, which can be belongings which might be ate up inside a 12 months. Cash and bills receivables, or cash owing through customers for income, are examples of present day belongings. The present day belongings to current liabilities ratio is a critical thing in assessing a company's potential to pay its money owed on time.