Ask the Community
Ask any professional question and get answers from other specialists.
Current liabilities Accounts payable: Bills that are owed to vendors but not yet paid Interest payable: Interest that has been incurred but not yet paid Bank account ov ... See More
Liabilities are financial obligations that a company must fulfill, and they are essential for managing cash flow, financial planning, and business growth.
In accounting, liabilities are debts that a business or organization owes to third parties. They are classified into three main types: current, non-current, and contingen ... See More
Current Liabilities Current liabilities are short-term financial obligations that a business or individual must settle within a year. They include accounts payable, short ... See More
- Current Liabilities: Short-term debts (e.g. accounts payable, short-term loans, accrued expenses, Like unpaid supplier invoices.) - Long-term Liabilities: Debts due bey ... See More
The types of liabilities are Current and Non-Current Liabilities Accounts Payables, tax payable, overdrats, short term or long term loans, mortage payables, bonds payable ... See More
Liabilities can be of may types which can be classified as under 1. Current Liabilities 2. Non Current Liabilities 3. Contigent Liabilities 4. Accrued Liabilities
Liabilities are financial obligations a company or individual owes to others. They are generally classified into three main types: 1. Current Liabilities (Short-Term Liab ... See More