Bookkeeping In a classified balance sheet, current short-term and non-current long-term assets and liabilities are presented separately In most cases current assets and liabilities are easy to distinguish and dont present any issues with their classification and presentation on a balance sheet. However, there are certain items which may require special treatment because they need to be separated into the current and non-current portions. In the second part of this article we will discuss two items: deferred rents and notes payable. 27 Tháng mười, 2023