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What is the deference b/n long term liability and short term liability?

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تم إضافة السؤال من قبل abdela mohammed
تاريخ النشر: 2015/08/19
Asad Ahmed
من قبل Asad Ahmed , Manager Finance & Company Secretary , Connect Communications Pvt. Ltd.

The liability which will be payable after one year that's called Long Term Liability but which is due with in one year that's called Short Term Liability

imadoddin mohammed
من قبل imadoddin mohammed , retail store manager , Adityabirla Group

long term liabilities are generally considered to be those debts that will not mature for over a year.

short term liabilities are  generally considered to be those obligations that come due within the year.

Mohsin Patel
من قبل Mohsin Patel , Accounting Analyst , Water G.

Long term Liabilities >1 year

Short term Liabilities <1year

مستخدم محذوف‎
من قبل مستخدم محذوف‎

Long-term liabilities are generally considered to be those debts that will not mature (or come due) for over a year. Current liabilities are generally considered to be those obligations that come due within the year. Current liabilities do; however, include more than just debt. Generally current liabilities will include anything that must be paid within the next year that is not directly related to the costs of production (because the company could stop producing widgets, but would still have to make lease payments, etc.). Companies with long-term liabilities whose payments include principal will occasionally show the principal portion of the long-term liabilities that will be paid in the current year within the current liabilities (and remove those principal payments from the long-term liabilities).

Badar Khan
من قبل Badar Khan , Accounts cum administrative assistant , Al Qassimia Drivng Training Centre.Sharjah

long term liability is for more than12 months period whereas short term liability is for12 months period

Imdad Hussain Rajput
من قبل Imdad Hussain Rajput , Assistant Sales Manager , Forego

agree with friends..........................

tanveer ahmed
من قبل tanveer ahmed , General Accountant & Auditor , Al Naseer Trading co llc

Short term liability will be settled with in1 year & long term liability will be settled more than1 year 

JULIUS MURE MWARO
من قبل JULIUS MURE MWARO , ACCOUNTANT , said abeid said & co.

long term liability are those liability that take more than one calendar year while short term take less than a year

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