(a) balance of liabilities
41Total Liabilities — The aggregate of all debts an individual or company is liable for. Total liabilities can be easily calculated by summing all of one s short term and long term liabilities, along with any off balance sheet liabilities which corporations may incur …
42Other Long-Term Liabilities — A balance sheet item that includes obligations which are not going to be paid off within the year or operating cycle, but are not included in the long term liabilities category. Other long term liabilities are commonly found directly beneath the… …
43Off-balance-sheet — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …
44Other Current Liabilities — A balance sheet entry used by companies to group together current liabilities that are not assigned to common liabilities such as debt obligations or accounts payable. Companies will group together these other current liabilities into one account …
45Any Company, Inc.: Balance Sheet as of December 31, 20__, Table — ▪ Table Table 1: Any Company, Inc.: Balance sheet as of December 31, 20 assets liabilities and owners equity current assets current liabilities cash $100 wages payable $ 20 marketable securities 50 accounts payable 160 accounts… …
46Common Size Balance Sheet — A company balance sheet that displays all items as percentages of a common base figure. This type of financial statement can be used to allow for easy analysis between companies or between time periods of a company. The image above illustrates… …
47current liabilities — Amounts owed by a business to other organizations and individuals that should be paid within one year from the balance sheet date. These generally consist of trade creditors, bills of exchange payable, amounts owed to group and related companies …
48current liabilities — Amounts owed by a business to other organizations and individuals that should be paid within one year from the balance sheet date. These generally consist of trade creditors, bills of exchange payable, amounts owed to group and related companies …
49off-balance sheet — A term used to describe contingent liabilities, contingent assets, and commitments that are legally binding but are not assets or liabilities shown on the balance sheet under GAAP. Examples include loan commitments and letters of credit. American …
50Long-term liabilities — are liabilities with a future benefit over one year, such as notes payable that mature longer than one year. In accounting, the long term liabilities are shown on the right wing of the balance sheet representing the sources of funds, which are… …
