Accounting
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Boundless Accounting
Reporting of Current and Contingent Liabilities
Current Liabilities
Accounting Textbooks Boundless Accounting Reporting of Current and Contingent Liabilities Current Liabilities
Accounting Textbooks Boundless Accounting Reporting of Current and Contingent Liabilities
Accounting Textbooks Boundless Accounting
Accounting Textbooks
Accounting
Concept Version 6
Created by Boundless

Defining Current Liabilities

A current liability, such as a credit purchase, can be documented with an invoice.

A current liability, such as a credit purchase, can be documented with an invoice.

Current liabilities are debt owed and payable no later than the current accounting period.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "Volkswagen Invoice."
    http://commons.wikimedia.org/wiki/File:Volkswagen_Invoice.jpg Wikimedia CC BY.

Related Terms

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