Debt is money that one entity—a person, business, organization, or government—owes another entity. When you borrow money, you'll typically make an agreement with the lender that you'll repay the money on a schedule, sometimes with interest or a fee. Most people are familiar with common types of debt like credit cards and auto, student. The $300,000 of debt should be reported on the company's statement of financial position as follows: $278,000 as a non-current or long-term liability such as non-current part of the mortgage loan. $22,000 as a current liability such as current part of the mortgage loan. Types of Long-term Debt The following are some types of long-term debt. . Current assets are listed as a subcategory of assets on a company's balance sheet. They are reported as the value of cash, inventory, and other assets that can be converted to cash or spent within one year. There are several types of current assets, such as cash, accounts receivable, inventory, and prepaid expenses. Likewise, a debt instrument is a mechanism that a company, individual, or government entity can use to raise money. In this blog, we will learn about the various types of debt instruments that are available in the industry at the moment. What is a debt instrument? A debt instrument is any form of arrangement that is essentially categorized as debt. Liabilities can be broken down into two main categories: current and noncurrent. Current liabilities are short-term debts that you pay within a year. Types of current liabilities include employee wages, utilities, supplies, and invoices. Noncurrent liabilities, or long-term liabilities, are debts that are not due within a year. Types of debt securities in accounting Companies can invest in debt and equity securities. In this article we will discuss the three types of debt securities: held-to-maturity, trading and available for sale. 1. Three types of debt securities Companies can invest in debt securities issued by other entities. Type 1: Zero- or Target Balancing Cash Pool (physical) The zero-balancing, also called cash-concentration or sweeping, is in his form the easiest way to introduce cash pooling. Find many great new & used options and get the best deals for Debt to Society: Accounting for Life under Capitalism at the best online prices at eBay! Free shipping for many products!.