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Tag Archives: bankruptcy
What are Current Liabilities?
A current liability is the opposite of a current asset. It is a financial obligation which a company is expected to have to discharge within a short period of time, sometimes formally defined as one year or the current financial … Continue reading
Posted in Accounting
Tagged account, Accounting, asset, bank, bankruptcy, Business, definition of current liability, finance, financial, fine, goods, interest, introduction to current liability, loan, Loans, money, payment, profit, services, what is current liability
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What is Audit?
A financial audit is an external check on a company’s accounting procedures which verifies that financial statement have been compiled usually a generally accepted methodology and are substantially free from error. Usually it will be performed by a specialized accounting … Continue reading
Posted in Accounting
Tagged account, Accounting, ach, bank, bankruptcy, Business, definition of audit, finance, financial, government, introduction to audit, services, what is audit
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