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neillistinytx
neillistinytx neillistinytx
  • 04-05-2016
  • Business
Answered

Debts that are due in one year or less are classified on the Balance Sheet as

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taskmasters
taskmasters taskmasters
  • 10-05-2016

A balance sheet are the assets, liabilities and equity of your business at a specific point in time.  Debts that are due in one year or less are classified on the Balance Sheet as "long-term" debts. Long-term debt is different from the  total debt, which includes debt due in less than one year.

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