liabilities

Current assets Current assets are those assets that can be converted to cash within one year. They include inventory, debtors, cash and bank balances, bills receivables, marketable securities etc. Current liabilities Current liabilities are those liabilities that will be paid within one...

Recorded & Unrecorded Liabilities The Liabilities can be further classified as Recorded Liabilities and Unrecorded Liabilities. Recorded Liabilities are those Liabilities whose Existence of liability and Amount of liability are Certain. And an Unrecorded Liabilities are those whose Existence...

Current Assets Current Liabilities Cash $ 2,100 Notes Payable $ 5,000 Petty Cash 100 Accounts Payable 35,900 Temporary Investments 10,000 Wages Payable 8,500 Accounts Receivable - net 40,500 Interest Payable 2,900 Inventory 31,000 Taxes Payable 6,100 Supplies 3,800 Warranty Liability 1,100...

this is a project on valuation & verification of assets and liabilities and vouching of receipts and payments.