A legally enforceable debt is a debt that meets the requirements to be able to be enforced in a court of law. It is debt that must be repaid.
A legally enforceable debt is a debt that meets the requirements to be able to be enforced in a court of law. It is debt that must be repaid.
liability is a debt.
A liability is generally anything that costs you money. A phone bill is a liability. A debt is a kind of liability. You can take out a loan for a car- that is a debt; something owed in the future.
NO. But the Current maturities of long-term debt is an operating liability.
That is the correct spelling of "liability" (responsibility, debt, or burden).
Debt
what type of liability do stockholders have when it comes to corporate debt and responsibility
no
Yes short term debt is a current liability for business and payable normally within one fiscal year and shown under current liability section of liability side of balance sheet.
Debt is shown in liability side of balance sheet as per the payment time duration if within one year then current liability otherwise long term liability.
Without valid debt there can not be liability. In amity.