Types of Liability Types
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Added on 2019-09-24
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CONTINGENT LIABILITIES Types of Liability Liabilities are identified as legal obligations to the business or a debt that needs to be given activities by the company in some future times. Liability is of many kinds depending on the time of occurrence such as current, non-current and contingent. Current liabilities are sometimes known as short term liabilities because the debt needs to be repaid within a fixed period of time.
Types of Liability Types
Added on 2019-09-24
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