Wednesday, July 30, 2008

Examples of Current Liabilities

Examples of Current Liabilities

Current liabilities are only liabilities that will be paid within one year

  1. Short-term borrowings
  2. Current maturities of long-term debt (due within a year)
  3. Accounts payable (due within a year)
  4. Notes payable (due within a year)
  5. Sales taxes payable
  6. Salaries payable
  7. Income taxes payable

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