Liabilities


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Related to Liabilities: Current liabilities, Assets and Liabilities, Accrued liabilities, Contingent liabilities

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 ?
Present value is useful only if information about cash flows of similar assets or liabilities and their market values is available.
Both liabilities and equity are defined in FASB Concepts Statement 6, "Elements of Financial Statements.
The use of reasonable estimates is normally acceptable because the assets and obligations shown in the footnote do not have a direct bearing on a company's "real" year-end assets and liabilities.
As the liabilities of pension funds are usually linked to future earnings in the form of inflation, PALMs delivers future projected cash flows (or pensions payable) linked to their projected LPI liabilities at the maturity of each of the LPI swaps.
Since state and Federal law expressly imposed such liabilities, they fell within the Sec.
The EITF identified three types of costs that, if certain conditions are met, should be recognized as liabilities assumed in a purchase business combination and included in the allocation of the acquisition cost in connection with a purchase business combination under Opinion no.
The possibility of additional pension liabilities causing a violation of loan covenants or other restrictive contract provisions also should be evaluated.
Treasury and the Service, however, believe that applying the presumption of deemed satisfaction to a disregarded entity that shields a Federal tax partner from liability for the entity's obligation would, in many cases, cause partnership liabilities economically indistinguishable from nonrecourse liabilities to be classified as recourse under Sec.
Issued in March 2006, FAS 156 amends FAS 140 with respect to the accounting for separately recognized servicing assets and servicing liabilities.
Environmental liabilities do not need to be an obstacle to a property transfer, acquisition or securing financing for a purchase if they are proactively identified, managed and mitigated.
The 11 percent increase is welcome news for the Los Angeles County Employee Association fund, which had faced soaring unfunded liabilities amid promised increased retiree pensions and rising health care costs and workers' compensation claims.
In financial statements prepared on the modified accrual basis of accounting, liabilities and expenditures for termination benefits should be recognized to the extent the liabilities are normally expected to be liquidated with expendable available financial resources.