Introduction to Total Liabilities Total liabilities refer to all debts that an enterprise undertakes and needs to repay. Including current liabilities, long-term liabilities, deferred taxes, etc. , that is, the total liabilities of the enterprise balance sheet.
(1) Current liabilities refer to the total debts that an enterprise needs to repay within one year or more than one business week, including short-term loans, accounts payable and advance receipts, wages payable, taxes payable and profits payable.
(2) Long-term liabilities refer to the total debts that an enterprise needs to repay within a production cycle of more than one year, including long-term loans, debts payable and long-term payables.
How to calculate the total debt? Assets = liabilities+owners' equity? This equilibrium relationship can be determined as follows: liabilities = assets-owners' equity.
Total liabilities are total current liabilities plus total long-term liabilities. That is, the balance of all subjects in the balance sheet liabilities category is added together, and the statistics are current liabilities plus long-term liabilities.
Calculation formula:
Data can be found in the balance sheet. In addition, total liabilities at year end = total assets at year end-total owners' equity at year end.
Total liabilities refer to the current obligations formed by past transactions and events, and the fulfillment of this obligation is expected to lead to the outflow of economic benefits from the enterprise, including current liabilities and long-term liabilities.
Relationship between total assets and total liabilities Assets = liabilities+owners' equity
Revenue-expense = profit, assets and liabilities
Therefore, assets = liabilities+owners' equity+(income-expenses)
Assets: Economic resources owned or controlled by an enterprise that can be measured in money. They can be divided into intangible assets and tangible assets.
Tangible assets include: monetary funds (such as cash on hand/bank deposits); Inventory (such as inventory materials/low-value consumables/finished products/warehousing semi-finished products, etc.). ); Short-term investments (such as accounts receivable/prepayments/prepaid expenses); Long-term investment; Fixed assets and deferred assets.
Liabilities: Liabilities that can be measured by money and need to be repaid by assets or services. According to the repayment period, it can be divided into short-term liabilities and long-term liabilities.
Short-term liabilities such as accounts payable/notes payable/salaries payable to employees/short-term loans.
Long-term liabilities such as long-term loans/bonds payable (corporate bonds issued for financing with a repayment period of more than one year) and other long-term payables.
Owner's equity: refers to the right of enterprise investors to claim the net assets of the enterprise, including invested capital (paid-in capital)/capital reserve/surplus reserve/undistributed profit. Enterprise investors are owners or partners of state-owned enterprises, individual proprietorships or partnerships, and shareholders of joint stock limited companies or limited liability companies.
Net assets of an enterprise: refers to the remaining assets owned by the enterprise after deducting the liabilities undertaken by the enterprise.
Supplementary explanation:
Among all the assets of an enterprise, creditors have the priority to be compensated; Compared with creditors, the owner's claim for net assets is only a residual right. Should I say it? Owner's equity? Including? Net assets profit and loss? .
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