New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 16. Department of Public Service |
Chapter II. Electric Utilities |
Subchapter F. Uniform Systems of Accounts |
Article 3. Municipal Electric Utilities |
Part 197. Instructions |
Sec. 197.5. Current liabilities
Latest version.
- Current liabilities are those obligations the amount of which is definitely determined or closely estimated which are either matured at the date of the balance sheet or become due within a year from date of issuance or assumption or upon demand, except bonds, which shall be classed as long term debt (see section 196.1[a][20] of this Title), regardless of the period for which they are to run.