Assets vs Liabilities 44

What do you think the common liabilities of a company are?

These are the debts that the company acquires with any other third party —natural or legal persons— and that generate the obligation to be paid in the short and medium term.

What do you usually do to manage what you own and what you owe?

Accounting management is the activity aimed at obtaining information on the financial operations of the company. This information, to be useful, must be consistent, orderly and methodical; For its preparation we must have experienced accounting professionals.

1. are debts generated by the person or company, paying or selling on credit, whether inventories for the same economic entity and merchandise.

2. Make a financial situation in the case of a trading company to place all assets, liabilities, equity, expenses, income and costs, from there all assets are added, both debit and credit. From these two, a subtraction is made and gives the totality of the assets, and so on, it happens with the other kinds of accounts. After having done this, he makes formulas to get the patrimony, the asset, etc.

1- RESOURCES

2- CONSCIOUSLY

3- MYSELF

1- Examples of liabilities are bank loans, balances pending payment to suppliers, and debts for taxes and Social Security.

2- whatever I do to have what I have is easy to work very hard to be able to give me my benefits, and what I owe is the same because there are treats that I give myself but sometimes I have to give one part and then the other.

1. liiabilities

2. assets

3. equity

1. Current assets are those resources that the company uses within a one-year period.

2. This term refers to the money that remains after a company pays all its debts.

3. That is clear for me, but does anyone know what a liability is?

1. The liabilities of a company must be controlled.

2. Do not buy unnecessary things, only what the company needs.

3. Establish policies to control purchases.

Liabilities in accounting are resources that allow day-to-day operations, so you must take them into account in your statement of financial position.

Time management is the practice of managing your work to ensure that you are using your time as consciously as possibleFeeling like you have more time in your day.

Set boundaries between time spent at work and personal life

Reduce stress

1. In the liabilities we find accounts that, in some way, are the origin of the company's assets or, what is the same, have served to obtain the resources that represent the assets and are now debts and other types of obligations with third parties that We will have to attend sooner or later.

2. Detect departments that may have more weaknesses,

It will identify risks or where there is an opportunity to improve processes.

Know when to invest in training or infrastructure.

Predict which periods have the lowest billing amount and which have the highest.

1. The liabilities of a company are all the debts it has, such as: Purchases made for commercial operations with suppliers and various creditors. Labor obligations such as social benefits. Taxes to pay. Loans from people or companies that are not credit institutions.

2. Have a good organization in the company, good management in terms of expenses, resources.

Setting objectives, Invest in innovation and digital transformation, Processes and measurement: two good companions of business management, strengthen your management, Good business leadership.

1. The accounts payable were incurred for manufacturing costs.

2. This term refers to the money that remains after a company pays all it debts.

3. Current assets are those resources that the company uses within a one-year period.

1. payroll

2. debt

3. assets

1. current

2. Debt

3. payroll

1. The accounts payable were incurred for manufacturing costs.

2. This term refers to the money that remains after a company pays all it debts.

3. Current assets are those resources that the company uses within a one-year period.

1. bond payable

2. account payable

3. Assets mean money in your pockets

1. They are those that are agreed to pay in a term greater than one year, so the main debt will not be paid in that time, but the interests

2.Set realistic time goals and prioritize the goals you want to achieve. Do the most complex tasks first to avoid procrastination. Achieving what you have set out to do is like an injection of positive energy that helps you move forward.

1. Liabilities are part of accounting.

2. This asset is important for the company.

3. The company's expenses are easy to calculate.

1. Liabilities are the debts of companies can be for bank loans, Purchases made for commercial operations with suppliers and various creditors. Labor obligations such as social benefits. Taxes to pay. Loans from people or companies that are not credit institutions.

2. I invest and with the profits I pay what I must also have a good organization in the company, good management in terms of expenses and resources.

Account payable

Bond payable

Within

1. What about equity?

2. Assets are the economic resources that a company owns and controls.

3.Equity is another type of account.