Liabilities

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Liabilities

 

one of the two sides of a bookkeeping balance; the liabilities side describes the sources from which a socialist enterprise or organization derives its capital and characterizes the composition, designated purposes, and actual disposition of the capital.

The liabilities side of the balance consists of five principal sections. The sources of an enterprise’s own assets and equivalent assets are shown in section A. Section B lists bank credits for circulating capital for which norms are set. Section C indicates various bank credits, payments, and other liabilities. Section D indicates the sources of assets for capital construction, and section E records the financing of outlays for formation of the basic livestock herd.

References in periodicals archive ?
3) The extent to which the firm's current liabilities do not require significant incremental cash outflows.
The alternate solution is to leave CPLTD with current liabilities, but calculate CPFA and report it with current assets.
2) The Company reclassified certain tenant deposits (consisting of security deposits, wait list and other deposits) from long-term liabilities to current liabilities on its balance sheet.
NYSE:TRA) announced that its April 28, 2005, news release reporting first quarter results contained a classification error between the amounts shown in the Summarized Financial Position for March 31, 2004, "Customer prepayments" and "Other current liabilities.
In the news release, "Notify Technology Reports Results for the Third Fiscal Quarter Ended June 30, 2003," issued on August 8 over PR Newswire, we are advised by the client that in the Balance Sheets, line item Total Current Liabilities for the period ended June 30, 2003 were listed at $1,647,672, inadvertently.
In recent years, the state's restraint in capital and operating spending, enactment of a debt affordability statute, and actions to address some current liabilities have supported its credit in the face of economic and fiscal pressure.
Current Liabilities $13,008,626 $14,050,067 Long-Term Debt 0 0 Deferred Income Taxes 1,086,252 521,674 Shareholders' Investment 119,577,161 94,671,780

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