If you are heavily in debt, you can go to Ping An Bank for a loan. Ping An Bank provides unsecured credit loans, as well as mortgages and mortgage loans for houses and cars. Different loan application conditions and requirements are different. Whether the examination and approval can be successful is evaluated according to your comprehensive qualifications. For details, please log in to Ping An Pocket Bank APP- Finance-Loan and try to apply.

In order to confirm the current obligation as a liability, in addition to the definition of liability, two conditions should be met:

1. The economic benefits related to this obligation are likely to flow out of the enterprise.

It can be seen from the definition of debt that the expected outflow of economic benefits from enterprises is the essential feature of debt. In practice, the outflow of economic benefits needed to fulfill obligations is uncertain, especially the economic benefits related to constructive obligation usually need to rely on a large number of estimates. Therefore, the recognition of liabilities should be combined with the judgment of the uncertainty of the outflow of economic benefits. If there is conclusive evidence that the economic benefits related to the current obligation are likely to flow out of the enterprise, they shall be recognized as liabilities; On the other hand, if the enterprise undertakes the current obligations, but the economic benefits of the enterprise are unlikely to flow out, it does not meet the recognition conditions of liabilities and should not be recognized as liabilities.

2. The amount of economic benefits flowing out in the future can be reliably measured.

When recognizing liabilities, while considering the outflow of economic benefits from the enterprise, the amount of economic benefits flowing out in the future should be reliably measured. The amount of economic benefits related to legal obligations can usually be determined according to the amount stipulated in the contract or the law. Considering that the amount of outflow of economic benefits is usually in the future, sometimes the future period is longer, the measurement of relevant amount needs to consider the influence of factors such as the time value of money. For the outflow amount of economic benefits related to constructive obligation, the enterprise shall estimate the amount according to the best estimate of the expenditure needed to fulfill the relevant obligations, and comprehensively consider the influence of time value of money, risks and other factors.

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