Answered: Point out payroll relaetd liabilities…

Business

Accounting

Point out payroll relaetd liabilities from following :

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 2EA: Consider the following accounts and determine if the account is a current liability, a noncurrent...

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Question

Point out payroll relaetd liabilities from following :

1) Long term financing

2) Deferred liabilities

3) Long term payable

4) Trade and other payble

5) Accured interest/markup

6) Short term borrowing

7) provision for taxation

Rules by which an authority (usually a government) imposes a financial obligation on individuals or organizations within its domain. Property or transactions can be taxed. While taxes are primarily intended to fund the operation of a government, many tax laws are created to encourage or discourage certain behaviors by citizens or companies.

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