Current liability: Current Liability are those liability which is payable by the company within the one year. These liabilities are shown in the balance sheet of the company such as received in advance, outstanding expenses, account payable, and creditor. Long term liability: Long Term liabilities are those liability which is payable after the one year and more. These liabilities are shown in the balance sheet of the company such as long term loans and borrowings, equity and preference share and long term bonds. To explain: distinction between current and long term liability.

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Answer 1

Question

Chapter 9, Problem 1DQ

To determine

Current liability:

Current Liability are those liability which is payable by the company within the one year. These liabilities are shown in the balance sheet of the company such as received in advance, outstanding expenses, account payable, and creditor.

Long term liability: Long Term liabilities are those liability which is payable after the one year and more. These liabilities are shown in the balance sheet of the company such as long term loans and borrowings, equity and preference share and long term bonds.

To explain: distinction between current and long term liability.

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Answer 2

Question

Chapter 9, Problem 1DQ

To determine

Current liability:

Current Liability are those liability which is payable by the company within the one year. These liabilities are shown in the balance sheet of the company such as received in advance, outstanding expenses, account payable, and creditor.

Long term liability: Long Term liabilities are those liability which is payable after the one year and more. These liabilities are shown in the balance sheet of the company such as long term loans and borrowings, equity and preference share and long term bonds.

To explain: distinction between current and long term liability.

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Answer 3

Question

Chapter 9, Problem 1DQ

To determine

Current liability:

Current Liability are those liability which is payable by the company within the one year. These liabilities are shown in the balance sheet of the company such as received in advance, outstanding expenses, account payable, and creditor.

Long term liability: Long Term liabilities are those liability which is payable after the one year and more. These liabilities are shown in the balance sheet of the company such as long term loans and borrowings, equity and preference share and long term bonds.

To explain: distinction between current and long term liability.

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Answer 4

Question

Chapter 9, Problem 1DQ

To determine

Current liability:

Current Liability are those liability which is payable by the company within the one year. These liabilities are shown in the balance sheet of the company such as received in advance, outstanding expenses, account payable, and creditor.

Long term liability: Long Term liabilities are those liability which is payable after the one year and more. These liabilities are shown in the balance sheet of the company such as long term loans and borrowings, equity and preference share and long term bonds.

To explain: distinction between current and long term liability.

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Answer 5

Chapter 9, Problem 1DQ

To determine

Current liability:

Current Liability are those liability which is payable by the company within the one year. These liabilities are shown in the balance sheet of the company such as received in advance, outstanding expenses, account payable, and creditor.

Long term liability: Long Term liabilities are those liability which is payable after the one year and more. These liabilities are shown in the balance sheet of the company such as long term loans and borrowings, equity and preference share and long term bonds.

To explain: distinction between current and long term liability.

Answer 6

Chapter 9, Problem 1DQ

To determine

Current liability:

Current Liability are those liability which is payable by the company within the one year. These liabilities are shown in the balance sheet of the company such as received in advance, outstanding expenses, account payable, and creditor.

Long term liability: Long Term liabilities are those liability which is payable after the one year and more. These liabilities are shown in the balance sheet of the company such as long term loans and borrowings, equity and preference share and long term bonds.

To explain: distinction between current and long term liability.

Answer 7

Chapter 9, Problem 1DQ

To determine

Current liability:

Current Liability are those liability which is payable by the company within the one year. These liabilities are shown in the balance sheet of the company such as received in advance, outstanding expenses, account payable, and creditor.

Long term liability: Long Term liabilities are those liability which is payable after the one year and more. These liabilities are shown in the balance sheet of the company such as long term loans and borrowings, equity and preference share and long term bonds.

To explain: distinction between current and long term liability.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 9 - Prob. 1MCQ Ch. 9 - 2. An employee earned $50,000 during the year. ...Ch. 9 - Prob. 3MCQ Ch. 9 - Prob. 4MCQ Ch. 9 - Prob. 5MCQ Ch. 9 - Prob. 1DQ Ch. 9 - Prob. 2DQ Ch. 9 - 3. What are the three important questions...Ch. 9 - Prob. 4DQ Ch. 9 - 5. What is the combined amount (in percent) of the...

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