Question

what is liability? what is non current liabilities and current liabilities
❌no irrelevant answer allowed ❌
class 11​

Answer 1

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A liability is something a person or company owes, usually a sum of money. ... Recorded on the right side of the balance sheet, liabilities include loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and accrued expenses.

These are the three main classifications of liabilities: Current liabilities (short-term liabilities) are liabilities that are due and payable within one year. Non-current liabilities (long-term liabilities) are liabilities that are due after a year or more.

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Answer 2

Answer:

These are the three main classifications of liabilities: Current liabilities (short-term liabilities) are liabilities that are due and payable within one year. Non-current liabilities (long-term liabilities) are liabilities that are due after a year or more.

Explanation:

Statistics is really a good subject...

As I've chosen Economics I'll also be taught statistics.. as it's included in our Economics course(✯ᴗ✯)