Accounting Dictionary - Letter C

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Current liabilities
are obligations that are reasonably expected to be paid from existing current assets or through the creation of other current liabilities. Current liabilities are presented in the liabilities section of the balance sheet. Examples of current liabilities include accounts payable, short-term notes payable, salaries payable, and short-term accrued expenses.
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