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- DictionaryCur·rent li·a·bil·i·ties/ˈkərənt ˌlīəˈbilədēz/
plural
- 1. amounts due to be paid to creditors within twelve months.
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Jul 8, 2023 · Current liabilities are a company’s short-term financial obligations that are due within one year or within a normal operating cycle. Current liabilities are...
What are Current Liabilities? Current liabilities are financial obligations of a business entity that are due and payable within a year. A liability occurs when a company has undergone a transaction that has generated an expectation for a future outflow of cash or other economic resources.
Common current liabilities include accounts payable, unearned revenues, the current portion of a note payable, and taxes payable. Each of these liabilities is current because it results from a past business activity, with a disbursement or payment due within a period of less than a year.
Apr 4, 2024 · April 04, 2024. What is a Current Liability? A current liability is an obligation that is payable within one year. The cluster of liabilities comprising current liabilities is closely watched, for a business must have sufficient liquidity to ensure that they can be paid off when due.
Common current liabilities include accounts payable, unearned revenues, the current portion of a note payable, and taxes payable. Each of these liabilities is current because it results from a past business activity, with a disbursement or payment due within a period of less than a year.
Oct 31, 2020 · Short-term debt, also called current liabilities, is a firm's financial obligations that are expected to be paid off within a year. Common types of short-term debt...
Apr 11, 2024 · Current liabilities are the obligations of the company which are expected to get paid within one year and include liabilities such as accounts payable, short term loans, Interest payable, Bank overdraft and the other such short term liabilities of the company.
