Banking Exam Question - What are the NRB Provision for Capital & Liabilities Topics to be include in Balance Sheet Liabilities Side? Explain

Introduction - Balance Sheet (Capital & Liabilities)

Liabilities are obligation of the organization; they are sums owed to loan bosses for a past exchange and they for the most part have "payable" in their record title. Alongside proprietor's value, liabilities can be thought of as a wellspring of the organization's advantages. They can likewise be thought of as a claim against an organization's advantages. The leasers/providers have a claim against the organization's advantages and the proprietor can assert what stays after the Accounts Payable have been paid.

Liabilities additionally incorporate sums got ahead of time for future administrations. Since the sum got (recorded as the benefit Cash) has not yet been earned, the organization concedes the detailing of incomes and rather reports an obligation, for example, Unearned Revenues or Customer Deposits.

Classifications Of Liabilities On The Balance Sheet

Liabilities and contra risk accounts are typically characterized (put into particular groupings, classes, or orders) on the asset report. The risk orders and their request of appearance on the accounting report are: 

• Current Liabilities
  Long haul Liabilities