Current Liabilities

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Description of Current Liabilities. Explanation.


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Definition Current Liabilities. Description.

Current Liabilities are obligations which are expected to be paid or performed within one year or during the normal operating cycle of the business, whichever is longer.

They are listed on the Balance Sheet and include items such as: accounts payable, short term debt, taxes payable, dividends payable, accrued interest, salaries payable.

Bonds, mortgages and loans that are payable over a term exceeding one year are normally fixed liabilities. However the payments due in the current fiscal year could be considered current liabilities if the amounts are material.

Current Liabilities Forum
  Mechanisms and Controls to Decrease Current Liabilities (Creditors)?
What are the implications of long outstanding creditors in the financial statement and what are the controls to put in place to minimize the credit period?...
  Quotes on Current Liabilities. Quotations
Hi, do you know of a remarkable, humorous quote by a famous person or a proverb related to (current) liabilities?
Please enter a reaction to share it for other people to enjoy! Please use this template:
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Introduction to the Balance Sheet

This video explains the main terms you need to read a balance sheet

Assets: things a company owns that have value.
- Current Assets: t...
Usage (application): Initial Understanding of a Balance Sheet, Financial Statement Analysis, Accounting


Current Liabilities


Current Liabilities


Current Liabilities


Current Liabilities

Compare with: Current Assets  |  Working Capital

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