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Total Liabilities consist of two types :
1- Current Liabilities which due over one year or operating cycle whichever longer .
2 - Non-current Liabilities are any liabilities other than current liabilities .
Debts and obligations to be paid within one year, known as current liabilities and debts and obligations to be paid after one year known as non current liabilities or long term liabilities.
current liabilities gets payed in less of one year but non-current liabilities more than one year and they allsow called fixed liabilities
Current liabilities are a company's debts or obligations that are due within one year or within a normal operating cycle. Current liabilities appear on a company's balance sheet and include short-term debt, accounts payable, accrued liabilities, and other similar debts.
Noncurrent liabilities are long-term financial obligations listed on a company’s balance sheet that are not due for settlement within one year – as opposed to current liabilities which are short-term debts.
Current Liabilities are those obligation which are due with in the Normal Operating Cycle Of the Bussiness and paid mostly by Current Assets.
Non Current Liabilities Are Those Debt which are due beyond one year or normal Oprating Cyle of the Business.
Current Liabilities are obligation that can be settled within a short period of time or in a range within a year.
Non Current Liabilities are long term obligation which can be settled or payable in a longer period of time such example as Loan Payables.
Current Liabilities are the obligation that we have have to meet within one year.Non current liabilites due after one year
Current liabilities are the transactions (amount due/debt) that need to be settle or paid not less than a year. Example customers deposit and payroll taxes.
Non current liabilities are the long term obligations (debts) that is not due for settlement within one year. Example bonds payable and long-term loans.
AMOUNT DUE TO BE PAID TO CREDITORS WITHIN TWELVE MONTH (Eg: ACCOUNTS PAYABLE)/\\?
NON CURRENT MEANS LONG TERM LIABILITIES THAT ARE NOT SETTLED WITH IN ONE YEAR
Current Liabilities are those liabilities which need to be settled within 12 month and non-current liabilities are those which need to be settled after 12 months from the year end date
Current Liabilities - Obligation to pay.
Non Current Liabilitites - None Obligation to pay.
