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statement of financial position

This topic has 1 reply, 2 voices, and was last updated 13 years ago by MikeLittle.

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January 22, 2011 at 8:09 pm #47231
mclara
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please help me?what is the differrence between non current and current liabities?
February 1, 2011 at 12:54 pm #76534
MikeLittle
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the due date for settling the debt.
If it falls due for settlement within the 12 months after the company’s year end, then it’s a current liability. If the settlement date is more than 12 months into the future, then it’s a non-current liability
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