What are current liabilities

Current liabilities are obligations due to be paid within one year or within the company's operating cycle, whichever is longer. They are typically recorded on the balance sheet under the heading " Current Liabilities ". Examples of current liabilities include: · Accounts payable : amounts owed to suppliers for goods or services that have been received but not yet paid for · Accrued expenses : expenses that have been incurred but not yet recorded or paid, such as salaries and taxes · Short-term debt : loans and other borrowings that are due to be repaid within one year or the operating cycle · Dividends payable : amounts owed to shareholders as a result of the declaration of dividends · Customer deposits : amounts received from customers as a deposit on goods or services that have not yet been delivered Here are some FAQ's on current liabilities to make the ...