The Great Awakening. The Great Awakening was an outpouring of religious enthusiasm that occurred in the American colonies in the mid-18th century.Smaller local revivals had occurred in New Jersey in the 1720s with Theodorus Freylinghuysen of the Dutch Reformed Church and the father-and-son team of William and Gilbert Tennent.he Great Awakening. The Great Awakening was an outpouring of religious enthusiasm that occurred in the American colonies in the mid-18th century.
Liabilities are not just loans. When you operate a business, and you have employees you will be responsible for payroll taxes that must be paid on that employee. These are known as payroll liabilities. Credit issued to your customer for defective products or services is a liability until the customer uses the credit. Accounts payable in a business are a liability. Theyâre not loans in the traditional sense, but accounts payable are accounts for which the vendor has extended your business credit purchasing terms.
Yes, bill Payable would be considered a Current Liability as the company will pay the amount off in less than one year (or one accounting period). Current Liability as any lia â¦ bility that will be...Yes, Current Liabilities are liabilities that will be paid off in one year or less.urrent liabilities are any liabilities that you can expect to pay off in a certain amount of time, one year or less. Long-term liabilities are liabilities that can not be reasonably expected to be paid off in a year or less, this can include mortgages, notes payable for things such as vehicles, etc.