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CURRENT LIABILITIES &  Form

CURRENT LIABILITIES & Form

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let's say you run your own Plumbing business and you want to know whether your finances are in good enough shape for you to safely take a holiday apart from checking how much money you have in your bank account and taking a look at how much money your most recent clients should pay you soon you also want to know what kind of builds you need to pay over the next few months what do you really want to know is what your short-term Financial Obligations are and the best place to find this is in the current liabilities section of your business's balance sheet you see current liabilities are Financial Obligations or debts a business owes that must be paid for within the next 12 months so by taking a look at the current liabilities section of your balance sheet you can get an idea of how much cash you'll need to pay out in the short term if the total of your current liabilities is too high you may need to cancel your holiday plans and keep working to earn more money to cover your upcoming bill

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