Types of Liabilities in a Business

Types of Liabilities in a Business

Types of Liabilities in a Business Liabilities, laities and laities what could be the worst nightmare than this? A liability on any business will always haunt the owner of any business. Talking about types of laities in any business, there are three. These three types of liabilities are as following: Current liabilities Non-Current Liabilities Contingent Liabilities Let’s talk about all three of them!!! Current Liabilities Current liabilities are those that are supposed to be paid off in near future. Or in other words, current liabilities are short-term liabilities that are supposed to be paid in given short period of time.…