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They’re recorded on the right side of the balance sheet and include loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and accrued expenses. Current liabilities are a company’s short-term financial obligations that are due within one year or within a normal operating cycle. An operating cycle, also referred to as the cash conversion cycle, is… Continue reading What are Liabilities: Types, Examples and Contrasts with Assets

Whether you think your business is ready for it or not, it’s wise to get registered. Registering your company can protect you from certain liabilities if things go wrong, and allows you to separate your business from personal income. As the business owner, you are wholly responsible for your legal and tax obligations. You can… Continue reading Amazon Seller Accounting: The Complete Guide for 2023