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.
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Quotes on Current Liabilities. Quotations
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Current Liabilities Special Interest Group
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Compare with: Current Assets
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Current Liabilities Sponsor
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