Difference between revisions of "Liabilities"
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== Definition == | == Definition == | ||
| − | '''Liabilities'''. | + | '''Liabilities''' are present [[Liability | obligations]] of an entity to transfer an economic resource as a result of past events. It comprises of amounts owed (that is, payable) by an individual or entity for products or services received, expenses incurred, assets acquired, and amounts received but not yet earned. |
== Usage == | == Usage == | ||
* [[Statement of Financial Position]] | * [[Statement of Financial Position]] | ||
| + | |||
| + | |||
| + | == See Also == | ||
| + | * [[Claim]] | ||
| + | * [[Equity]] | ||
== XBRL Properties == | == XBRL Properties == | ||
Latest revision as of 17:06, 6 September 2021
Definition
Liabilities are present obligations of an entity to transfer an economic resource as a result of past events. It comprises of amounts owed (that is, payable) by an individual or entity for products or services received, expenses incurred, assets acquired, and amounts received but not yet earned.
Usage
See Also
XBRL Properties
- IFRS Prefix: ifrs-smes
- Element Name: Liabilities [abstract]
- Common Initials:
- Element Type and Attributes: Aggregate
- Hierarchy Level: 2
- IFRS References:
