CURRENT LIABILITIES Definition

Bookmark and Share

CURRENT LIABILITIES are liabilities to be paid within one year of the balance sheet date.

Learn new Accounting Terms

ACCOMODATION ENDORSEMENT is a) the guarantee given by one legal entity to induce a lender to grant a loan to another legal entity. b) a banking practice where one bank endorses the acceptances of another bank, for a fee, qualifying them for purchase in the acceptance market.

OTHER INCOME is income from activities that are not undertaken in the ordinary course of an entitys business.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.