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What (who) is accrued liabilities - definition
Accrued liabilities
Accrued liabilities are liabilities that reflect expenses that have not yet been paid or logged under accounts payable during an accounting period; in other words, a company's obligation to pay for goods and services that have been provided for which invoices have not yet been received. Examples would include accrued wages payable, accrued sales tax payable, and accrued rent payable.
Long-term liabilities
LIABILITIES THAT ARE DUE BEYOND A YEAR OR THE NORMAL OPERATION PERIOD OF THE COMPANY
Long-term liability; Non-current liabilities; Non-current liability; Long term liabilities
Long-term liabilities, or non-current liabilities, are liabilities that are due beyond a year or the normal operation period of the company. The normal operation period is the amount of time it takes for a company to turn inventory into cash.
current liabilities
ALL LIABILITIES OF THE BUSINESS THAT ARE TO BE SETTLED IN CASH WITHIN THE FISCAL YEAR OR THE OPERATING CYCLE OF A GIVEN FIRM
Current liabilities
¦ plural noun amounts due to be paid to creditors within twelve months.
