Liabilities are the legal debts a company owes to third-party creditors. They can include accounts payable, notes payable and bank debt.
Which is an example of a companies liabilities?
These include loans, legal debts or other obligations that arise in the course of business operations. The loans are often used to finance your operations, or pay for expansions or new equipment. Liabilities can typically be found on the right side of a balance sheet.
What are 5 examples of liabilities?
Liabilities can be classified into three categories: current, non-current and contingent.
What are the 3 types of liabilities?
examples are accounts payable, short term notes payable, wages payable, warranty liabilities, and tax payable. are obligations due after one year or the company's operating cycle. They include long term notes payable, warranty liabilities, lease liabilities, and bonds payable.