What are Liabilities?

Liabilities Meaning, Liabilities Definition

If you do not know about Liabilities, then in this you will know what are Liabilities? Types of Liabilities What are Current Liabilities? What are Non-Current Liabilities? Non-Current Liabilities Example.

Liabilities is an accounting term. There are different types of Liabilities in this. About which you will learn further.

What Is Liabilities in Accounting, Types Of Liabilities Examples, Liabilities Definition, Current Liabilities, Long-Term Liabilities Meaning, dharmendrakr

What are Liabilities?

What Is Liabilities Meaning?

The money that is to be given to others is called liability or liability.

The loans, loans or loans, etc. that we have to give to someone are called Liabilities.

We take a loan from someone to increase our capital. Make purchases on credit from your Suppliers or Creditors. Which is to drink back in the future. called Liabilities.

What are the types of Liabilities?

There are two types of Liabilities

Current Liabilities

Non-Current Liabilities

What are Current Liabilities?

Current Liabilities Meaning

Any payment which is made in "One Financial Year" or lesser period comes under Current Liabilities.

That's why Current Liabilities are also called Short Term Liabilities.

Current Liabilities Example

Or, Short Term Liabilities Example

Example of Current Liabilities

The following are examples of Short Term Liabilities.

• Tax Paying
• Bank Overdraft
• Accounts Payable
• Interest Payable
• Short-Term Loans
• Outstanding Expenses
• Other Short Term Payable

What are Non-Current Liabilities?

Non-Current Liabilities Meaning

Payment made after one financial year comes under Non-Current Liabilities.

Hence it is also called Non-Current Liabilities as Long-Term Liabilities.

Non-Current Liabilities Example

Or, Long Term Liabilities Example

Example of Non-Current Liabilities

The following are examples of Long Term Liabilities.

• Long Term Loans
• Debenture
• Other Long Term Liabilities

Now you must have understood about Liabilities, what are Liabilities? Types of Liabilities What are Current Liabilities? What are Non-Current Liabilities? Non-Current Liabilities Example.

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Liabilities Meaning, Current Liabilities Meaning, Liabilities Meaning In Accounting, What Is Liability, What Is Liabilities In Accounting, Long-Term Liabilities, Types Of Liabilities, Liabilities Examples, Liabilities Definition.