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Current liabilities |
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Current liabilitiesAmount owed for salaries, interest, accounts payable and other debts due within 1 year.Current liabilitiesDebts owed by a company which are due for settlement within 12 months. These include creditors and taxes due etc.Similar MatchesPension liabilitiesPension liabilitiesFuture liabilities resulting from pension commitments made by a corporation. Accounting for pension liabilities varies widely by country. Monetary assets and liabilitiesMonetary assets and liabilitiesAssets and liabilities with contractual payoffs. Spontaneous LiabilitiesSpontaneous LiabilitiesObligations that arise automatically in the course of operating a business when a firm buys goods and services on credit. LiabilitiesLiabilitiesThe debts of a person or company. See 'current liabilities', 'long term liabilities', 'contingent liabilities'. LiabilitiesLiabilitiesBasically, liabilities are debts that you have and the regular outgoing payments that you make.The reason you must show your bank statements is usually to help the underwriters identify anything in your current expenditure that may impinge upon your ability to repay the loan. They want to know about any other mortgages, debts, credit cards, HP agreements, loans, overdraft facilities, maintenance and court orders. You will normally have to show three to six months worth of bank statements to help demonstrate that the figures you provide them with are accurate. Further SuggestionsNonmonetary assets and liabilitiesPermanent spontaneous current Liabilities Spontaneous Current Liabilities contingent liabilities long term liabilities Other long term liabilities Existing liabilities |
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