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

TRADE EXCHANGE is a barter system where people or companies trade goods and services without the use of money. In the U.S., income from barter transactions is considered taxable.

ENDOWMENT POLICY is a combination of life assurance and investment whereby the sum assured is paid at a predetermined date or on death, if earlier.

Suggest a Term

Enter Search Term

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