In accounting, liabilities are the resources that a company owes to another company or people.Two types of liabilityCurrent liability - liabilities that must be paid within a year or within the operating cycle of the company.Non-current liability - liabilities that will be paid later than a year or operating cycle of a business.
In accounting, liabilities are the payables, debts or obligations of a business to settle to another business or entity. Liabilities have two main categories:1. Current Liabilities
-these are payables or debts of a business which are short-term payables that needs to be paid or settled by the business within a year.Some Examples of Current LiabilitiesAccounts PayableInterest PayableIncome Tax PayableAccrued ExpensesShort-term loans2. Non-Current Liabilities
-these are payables or obligations of a business that are long-term liabilities that can be settle after a year or more than a year.Some Examples of Non-Current LiabilitiesBonds PayableLong-term Notes PayableDeferred Tax LiabilitiesMortgage Payable
Further topics about assets and liabilities
What is the opposite of assets
For related topics about accounting equation
a shift in the supply curve to the right means an increase in the total supply for a particular product without any change in the price of the product itself. managers will seek to increase their supply if the following reasons arise:cost of production decreases - if production expenses went down, managers can seek to increase their supply because they will have extra capital to produce. more advance technology - if the company availed a more advance technology for their production, managers will definitely increase their supply.an expectation of higher prices in the future - if managers expect that there is a possibility of an increase in the prices of their products, there will also be a high chance that managers shift their supply to the right. government policies - if the government formulates or implements more business friendly policies and laws such as lower income taxes or tariffs in a certain market, managers might seek to shift the supply curve to the right.
there are more ways to persuade managers to increase their supplies and that depends on other non-economic factors. those ways always depends on the kind of market where businesses and their managers are into.
answer: the construction industry everywhere faces problems and challenges. however, in the developing
countries, these difficulties and challenges are present alongside a general situation of socio-economic
stress, chronic resource shortages, institutional weaknesses and a general inability to deal with the key
issues. there is also evidence that the problems have become greater in extent and severity in recent years.
this paper considers some of the challenges facing the construction industries in developing countries. the
main issues addressed are: construction industry development; globalisation; culture; and the environment.
in each case, the issue is analysed from the perspective of the developing countries, and the main
implications and present challenges highlighted. lessons are then drawn mainly from the recent experience
of other countries al all levels of development, especially singapore, to highlight possible ways by which
progress can be made in the developing countries. a research agenda is presented and the important role of
researchers in the drive to improve the performance of the construction industries of the developing
countries in the light of their resource constraints and administrative weaknesses, is outlined.