REGULATIONS CONCERNING TERMINOLOGY, FORMS AND METHODS OF PREPARATION OF FINANCIAL STATEMENTS, ETC. Copyright Roderick Seeman

Article 47. Scope of Current Liabilities The liabilities listed hereunder shall fall under current liabilities.

i. Notes payable trade (meaning those obligation notes which arise out of normal transactions. Hereinafter the same).

ii. Accounts payable trade (meaning unpaid amounts based on business arising out of normal transactions. Hereinafter the same.)

iii. Advances received. (Meaning advances for work orders, ordered goods, etc. Hereinafter the same).

iv. Reserves (excluding reserves related to assets). However, excluding those deemed not be used within one year.

v. Accounts payable or deposits which arise in relation to normal transactions which in the general custom of transactions are to be paid a short period after they arise.

vi. Such other liabilities deemed payable or redeemable within one year.