Answer :
The following balance sheet items are not current liabilities.
A) Accounts payable.
Current liabilities.— Coming due within 365 days (e.g. debts payable (A/P), accumulated fees, and quick-term debt like a revolving credit score facility, or “revolver”). Non-cutting-edge Liabilities — Coming due beyond 365 days (e.g. long-term debt, deferred sales, and deferred profits taxes).
Current liabilities. responsibility is one the corporation expects to pay within the brief term the use of assets noted on the present stability sheet. regular contemporary liabilities encompass bills payable, salaries, taxes, and deferred sales (products or services but to be added however for which cash has already been received).
Current liabilities. are the obligations of the employer which can be predicted to receive a commission within 12 months and include liabilities that include debts payable, brief time period loans, interest payable, bank overdraft, and the other such short time period liabilities of the enterprise.
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Mortgages are the following balance sheet gadgets that aren't contemporary legal responsibility. option B.
Noncurrent liabilities consist of debentures, long-term loans, bonds payable, deferred tax liabilities, lengthy-term lease obligations, and pension gain obligations. The part of a bond legal responsibility with a purpose to no longer be paid within the imminent year is classed as a noncurrent legal responsibility.
A modern-day legal responsibility is one the organization expects to pay within the quick time period for the usage of the property mentioned on the prevailing balance sheet. ordinary current liabilities consist of money owed payable, salaries, taxes, and deferred revenues products, or services but to be delivered however for which money has already been obtained.
Accrued liabilities, also known as accrued fees, are fees that organizations have incurred but haven't yet been billed for. those fees are indexed on the balance sheet as a modern-day liability, till they're reversed and removed from the balance sheet absolutely.
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