How are liabilities listed on the balance sheet?

First Classification.

Short Term Liabilities. (Under 12 months)

Long Term Liabilities. (Over 12 months)


Short Term Liabilities.

Trade Creditors
Sundry Creditors
Amounts Owing to Bank under 12 months.
Loans under 12 months.

Long Term Liabilities.

Trade Creditors. Over 12 months
Amounts Owing to Bank over 12 months
Loans to Third Parties over 12 months.