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Current liabilities, long term liabilities, contigent liabilities?

Known liabilities are debts that a company has little uncertainty about. The company knows who to pay, how much to pay them, and when the payment is due. Most of the time, known liabilities come from contracts, agreements, or laws.

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Question added by Sheikh Faisal aziz , Junior Accountant , Brooks Management Consultancies LLC, Dubai
Date Posted: 2024/01/08
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