These are borrowed money and items bought on credit, A liability is therefore what is owned to others. Examples are a loan borrowed, goods bought on credit, bills not yet paid etc. There are two types of liabilities.
sharon kalunda answered the question on February 23, 2019 at 07:25
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What are the current assets?
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What are the current assets?
Date posted:
February 22, 2019
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Answers (1)
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Explain what is meant by the term fixed assets.
(Solved)
Explain what is meant by the term fixed assets.
Date posted:
February 22, 2019
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Answers (1)
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State and explain Types of exchange rates.
(Solved)
state and explain Types of exchange rates.
Date posted:
February 22, 2019
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Answers (1)
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List and explain methods of trade restriction
(Solved)
List and explain methods of trade restriction.
Date posted:
February 22, 2019
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List the international financial institutions and describe their functions/objectives
(Solved)
List the international financial institutions and describe their functions/objectives.
Date posted:
February 20, 2019
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Answers (1)
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In the spaces provided, indicate with a (x) whether each of the following transactions will increase, decrease or have no effect in the balance sheet.
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Date posted:
February 19, 2019
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Answers (1)
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List the documents used in international trade,giving the meaning and the purpose/importance of each.
(Solved)
List the documents used in international trade,giving the meaning and the purpose/importance of each.
Date posted:
February 19, 2019
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Answers (1)
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State and explain the common terms of sale in international trade.
(Solved)
State and explain the common terms of sale in international trade.
Date posted:
February 19, 2019
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Answers (1)
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What is meant by the term terms of sale in international trade?
(Solved)
What is meant by the term terms of sale in international trade?
Date posted:
February 19, 2019
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Answers (1)
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Explain how devaluation helps in correcting the balance of payments disequilibrium?.
(Solved)
Explain how devaluation helps in correcting the balance of payments disequilibrium?.
Date posted:
February 19, 2019
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Answers (1)
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How does encouraging foreign investors into the country help in correcting the balance of payments disequilibrium?.
(Solved)
How does encouraging foreign investors into the country help in correcting the balance of payments disequilibrium?.
Date posted:
February 19, 2019
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Answers (1)
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List FOUR measures which can be taken to correct balance of payment disequilibrium.
(Solved)
List FOUR measures which can be taken to correct balance of payment disequilibrium.
Date posted:
February 19, 2019
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Answers (1)
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State and explain the Causes of Balance of payments Disequilibrium.
(Solved)
State and explain the Causes of Balance of payments Disequilibrium.
Date posted:
February 19, 2019
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Answers (1)
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When does the balance of payment disequilibrium occur?
(Solved)
When does the balance of payment disequilibrium occur?
Date posted:
February 19, 2019
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Answers (1)
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List and explain the three major components of the balance of payment accounts.
(Solved)
List and explain the three major components of the balance of payment accounts.
Date posted:
February 19, 2019
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Answers (1)
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Name three instances where transaction may arise.
(Solved)
Name three instances where transaction may arise.
Date posted:
February 19, 2019
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Answers (1)
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What is the meaning of the balance of payment accounts.
(Solved)
What is the meaning of the balance of payment accounts.
Date posted:
February 19, 2019
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Answers (1)
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What do you understand by the term terms of trade.
(Solved)
What do you understand by the term terms of trade.
Date posted:
February 19, 2019
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Answers (1)
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State and explain the disadvantages of international trade.
(Solved)
State and explain the disadvantages of international trade.
Date posted:
February 19, 2019
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Answers (1)
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List and explain the advantages of international trade.
(Solved)
List and explain the advantages of international trade.
Date posted:
February 19, 2019
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Answers (1)