Question

Liabilities order in Balance sheet

Answer 1

Order of Liabilities in Balance Sheet is given below:

Liabilities	Amount (in $)
Current Liabilities
Accounts Payable	XXX
Short/Current Long Term Debt	XXX
Other Current Liabilities	XXX
Total Current Liabilities	XXX
Non-Current Liabilities
Long Term Debt	XXX
Other Liabilities	XXX
Deferred Long Term Liability Charges	XXX
Minority Interest	XXX
Negative Goodwill	XXX
Total Non-Current Liabilities	XXX
Total Liabilities	XXX