Question

What are the current liabilities ? give examples.

Answer 1

Current liabilities are those liabilities which we have to pay within 12 months. For example, trade payables. 

Answer 2

The liabilities that should be paid within one year in full are called current liabilities. 

Accounts payableAccrued expenses Accrued InterestBank account overdraftsBank loans or notes payable Current maturities of long-term debt Customer deposits or unearned revenue Dividends payable - and so on.