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Current ratio is generally used to estimate company's liquidity by "deriving the proportion of current assets available to cover current liabilities". The main idea behind this concept is to decide whether current assets which also include cash and cash equivalents are available pay off its short term liabilities (taxes, notes payable, etc.)
Shareholder equity: Accounted for on the balance sheet by subtracting the company’s total liabilities from its total assets. Accounts payable appear on the balance sheet as current liabilities.
In terms of short-term notes receivable, it is measured at face value. [2] The initial measurement of long-term notes receivable depends on whether the notes are interest-bearing or noninterest-bearing. [2] Interest-bearing notes have a specified interest rate payable on top of their face value.
Key examples of current liabilities include accounts payable, which are generally due within 30 to 60 days, though in some cases payments may be delayed. Current liabilities also include the portion of long-term loans or other debt obligations that are due within the current fiscal year. [ 1 ]
The current balance on a credit card account is the total you owe the credit card company. It includes charges you’ve made and interest you owe at that point in time.
A 1926 promissory note from the Imperial Bank of India, Rangoon, Burma for 20,000 rupees plus interest. A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financing instrument and a debt instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or ...
Pakistani literature (Urdu: ادبیاتِ پاکستان) is a distinct literature that gradually came to be defined after Pakistan gained nationhood status in 1947, emerging out of literary traditions of the South Asia. [1] The shared tradition of Urdu literature and English literature of British India was inherited by
Urdu literature (Urdu: ادبیاتِ اُردُو, “Adbiyāt-i Urdū”) comprises the literary works, written in the Urdu language.While it tends to be dominated by poetry, especially the verse forms of the ghazal (غزل) and nazm (نظم), it has expanded into other styles of writing, including that of the short story, or afsana (افسانہ).