Home » Tags » Liabilities classification
Liabilities classification
Distinguishing Between Short-term and Long-term Debts
December 21, 2023
How do current liabilities differ from long-term liabilities?
Current liabilities, due within a year, cover short-term obligations like short-term debt and accounts payable. In contrast, long-term liabilities, extending beyond a year, involve obligations such as long-term loans, mortgages, and bonds.
Tags : Liabilities Classification , Financial Management