Question

1 - What is the rule that used to distinguish current and long- term liabilities?

2 – Give 5 examples of intangible assets?

Answer 1

ANO-1 and ? What is the rule that used to distinguish Current long-term liabilities. Beyore undenstending the sesles had used to distinguinn Current liabilities and long term liabilities we need to go Hhrough Basic understanding of both the terms. Current liabilities or * current liabilities is an within one yecer. * Current liabilities wou also known as Short-toum liabilities obligatiwin that is payable long term liabilities :- * long term liabilities are financial obligation of a Company that au due more than one year in the future : A long term liabilities are also know as non- Current liabilities. CS Scanned with CamScanner

1. No 2 long term disabilities Currunt liabilities as non current liabilities on Short term liabilities 12 The short term liabilities I The long term liability are the liabilities which are the liabilitie which has an obligation to has an obligation to Day with in period of Pay in more than one 12 month or I year from the date of Balance Sheet month from the data of Balana Sheeta & in Balance Sheet Current & in Balana Sheet hon- liabilitin ane Wheets cwonent liabilities are above long term liabiliter wrote down to the Current liabilities year or Period of 12 be non current liabilitas includia b & Current liabilities indu des in Short-term Debt Defbevred revenue Account Payable Income tax payahle e Aceweed expenses Current portion of capital • Long term debt. • Long term portion of Capite clean lean rete CSsand with CamShannar

a)Brand Mecognition 3) Copy Rights limited time. of a recognizable sign, design or expresian which identific Products or services of a particular source recognition Brand recognition is the erkent to which a customa are able to recall ou sucognize a brand under Cleffisent condition . Copy Rights is a tyn of intellectual Properly that give its owner the exclusius right to maki copies of Creative work i usually for a 4) Licenses în Cases, licenses such as a busineu highly regulated incuesthey such as banking has significant value that's outficult to estimate but its value give higher profit to a com pang om indust vry 5) Terade mark A trademark is a type of intellectual Preoperly consisting from those of others many cases, lians in a highly 1 CS Scanried with CamScanner

9.NO - 3 del Glide 5 example of intangible assets.' An intangible and is an auels that is not Physiccet in natwu. In other word , Intangible aused, cou the assets which can not be seen on touched. Example 1 Goodwill £ & Beand recognition & Copy rights 4 B Licenses 5 Trademarks A Goodwill Glood wil is an intangible assets that is alsovatel with the purchar of one company by another. In other word, Goodwill is the reputation of the company meus woud in term of money . Goodwill i's intangible in natuu and got is not a fictiu'ow auet Example If a A breys Company B for more than the Gair value of Company B's assets and debts the amount left our is listed on Company A's balana Sheel as Goodwill CS Scanned with CamScanner