2025年1月21日 · A promise to make a payment on a future date is a liability. A liability is recorded in the general ledger, in a liability-type account that has a natural credit balance. A number of examples of liability accounts are presented in the following list, which is split into current and long-term liabilities: Examples of Current Liabilities

2024年7月30日 · A liability is something a person or company owes, usually a sum of money. Payment can be either near- or long-term. Liability can also mean a legal risk or obligation.

2024年6月21日 · Liabilities represent the financial obligations or debts a company or organization owes to others. They are a crucial component of both a company’s balance sheet and a nonprofit’s balance sheet, reflecting loans, accounts payable, and other debts.

What Is a Liability? A liability is a financial obligation or debt that an individual, company, or organization owes to another party. It represents a claim against the entity’s assets and reflects the responsibilities to fulfill future payments or deliver goods or services.

2024年1月22日 · A liability is a non-depreciable value that someone or a company owes and includes taxes, accounts payable, bonds, employee wages, and long-term loans. For example, a business owner obtains a loan to purchase valuable assets or to expand his business, hoping to pay after some time.

Some common examples of current liabilities include: Accounts payable, i.e. payments you owe your suppliers; Principal and interest on a bank loan that is due within the next year; Salaries and wages payable in the next year; Notes payable that are due within one year; Income taxes payable; Mortgages payable; Payroll taxes; Long-term liabilities

There are many different kinds of liability accounts, although most accounting systems groups these accounts into two main categories: current and non-current. Current liabilities are debts that become due within the year, while non-current liabilities are debts that become due greater than one year in the future.