Create an account
long-term liabilities / non-current liabilities
liabilities expected to be paid in a time >1 year, includes bonds with a maturity date >1 year
largely suppliers of goods or services to the business who are not paid at the time of purchase
money that will have to be paid as tax in the future, although payment does not have to be made now
expenses that have accumulated or built up during the accounting year but will not paid until the following year
funds set aside from share capital and earnings, retained for emergencies or other future needs
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