Current Liabilities are short term obligations that must certain criteria before they are considered current. A company is expected to pay the liability within a year.
Examples of current liabilities are:
- Short-term notes payable
- Long term debt due within one year
- Accounts Payable
- Unearned Revenues
- Accrued Liabilities
- Taxes Payable
- Salaries and Wages Payable
- Interest Payable