June 23, 2020

Based on their Bookkeeping for Chiropractors durations, liabilities are broadly classified into short-term and long-term liabilities. Short-term liabilities, also known as current liabilities, are obligations that are typically due within a year. On the other hand, long-term liabilities, or non-current liabilities, extend beyond a year. What about contingent liabilities? In other words, the creditor has […]