Liabilities
Code: 2000
👁 Views: 216
Account Information
| Financial Statement | Statement of Financial Position |
| Normal Balance | Credit |
Definition
Represents financial obligations owed by the company
Sub-accounts
2100
Current Liabilities
📐 IFRS vs US GAAP Accounting Treatment
IFRS
IAS 1
Presentation of Financial Statements
US GAAP
ASC 450
Contingencies
❓ Frequently Asked Questions
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