Month: November 2020

What Is A Liabilty? Explore This Core Accounting Concept

Content The Difference Between An Expense And A Liability How Accounting Software Can Help Track Assets And Liabilities Current Portion Of Long A payment by a customer that has not yet been earned by the company. The current/short-term liabilities are separated from long-term/non-current liabilities https://smallbusiness.chron.com/accounts-payroll-affect-account-equation-65479.html on the balance sheet. As a practical example of understanding …

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