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LET’S TALK MONEY WORD
OF THE DAY-JANUARY 5TH
SHONDA MILES
WWW.SHONDAMILES.COM
LIABILITIES
• CLAIM ON YOUR ASSETS
• MONEY YOU OWE
• YOUR FINANCIAL OBLIGATIONS USUALLY PAYABLE BY MONEY
• DEBT
LIABILITIES
• SHORT TERM USUALLY PAID WITHIN ONE YEAR
• I.E. FURNITURE, CAR PAYMENTS
• LONG TERM PAID OVER LONGER THAN A Y...
LIABILITIES
• IN THE CASE OF A COMPANY, A LIABILITY IS RECORDED ON THE BALANCE SHEET
AND CAN INCLUDE ACCOUNTS PAYABLE, TAX...
LET’S TALK MONEY
FOR MORE INFORMATION ON MAKING MORE MONEY AND
DEVELOPING MSI GO TO WWW.SHONDAMILES.COM
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Let's talk money word of the day Jan 5

Let's Talk Money Word of the day is to help educate individuals on finance terms that everyone needs to know. The Money Words of the Day will help individuals make more informed decisions about Money. For more information on how to make more money, go to www.shondamiles.com. The Money word of the day for Day 5 is liabilities.

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Let's talk money word of the day Jan 5

  1. 1. LET’S TALK MONEY WORD OF THE DAY-JANUARY 5TH SHONDA MILES WWW.SHONDAMILES.COM
  2. 2. LIABILITIES • CLAIM ON YOUR ASSETS • MONEY YOU OWE • YOUR FINANCIAL OBLIGATIONS USUALLY PAYABLE BY MONEY • DEBT
  3. 3. LIABILITIES • SHORT TERM USUALLY PAID WITHIN ONE YEAR • I.E. FURNITURE, CAR PAYMENTS • LONG TERM PAID OVER LONGER THAN A YEAR • I.E. MORTGAGE
  4. 4. LIABILITIES • IN THE CASE OF A COMPANY, A LIABILITY IS RECORDED ON THE BALANCE SHEET AND CAN INCLUDE ACCOUNTS PAYABLE, TAXES, WAGES, ACCRUED EXPENSES, AND DEFERRED REVENUES. CURRENT LIABILITIES ARE DEBTS PAYABLE WITHIN ONE YEAR, WHILE LONG-TERM LIABILITIES ARE DEBTS PAYABLE OVER A LONGER PERIOD. READ MORE: HTTP://WWW.INVESTORWORDS.COM/2792/LIABILITY.HTML#IXZZ3WQ6ZM53J
  5. 5. LET’S TALK MONEY FOR MORE INFORMATION ON MAKING MORE MONEY AND DEVELOPING MSI GO TO WWW.SHONDAMILES.COM

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