Accounting leverage is total assets divided by the total assets minus total liabilities. Working capital is calculated as current assets minus current liabilities. The total assets always equal the total combined liabilities and equity in dollar amount l. They are involved in financial reporting of companies' assets and liabilities. Now, it is the total liabilities minus financial assets. Working capital is the difference between current assets and current liabilities. Credit accounts are Revenue, Equity and Liabilities. It is defined as the ratio between quickly available or liquid assets and current liabilities. This statement best demonstrates the basic accounting equation&colon; "Assets = Liabilities + Equity". It is different from external debt, which includes the foreign currency liabilities of non-government entities. Avianca had significant financial liabilities in 2019. Every taxpayer is responsible for their tax liabilities, not the preparer. A reserve requirement is a ratio a bank must maintain between deposit liabilities and reserves. Board of directors is exposed to a variety of legislated liabilities, fiduciary and other duties. However, Vornado balked over lease terms and possible tax liabilities.