{"id":637,"date":"2021-04-27T07:18:56","date_gmt":"2021-04-27T07:18:56","guid":{"rendered":"https:\/\/enorcerna.com\/wiki\/what-is\/current-liabilities\/"},"modified":"2021-04-27T07:18:56","modified_gmt":"2021-04-27T07:18:56","slug":"current-liabilities","status":"publish","type":"post","link":"https:\/\/enorcerna.com\/wiki\/what-is\/current-liabilities\/","title":{"rendered":"Current liabilities"},"content":{"rendered":"
\n

What is current liabilities?<\/h2>\n

Current liabilities, also known as current or short-term liabilities, are the liabilities or debts that a company must cancel in a period of time less than or equal to one year.<\/strong><\/p>\n

Thus, they form part of the company's balance sheet together with assets (current and non-current) and non-current liabilities.<\/p>\n

What differentiates current liabilities from non-current liabilities is the term<\/strong> that you have to pay the debt. With a current liabilities<\/strong> we will have commitments generated within the normal operating cycle and maturing within the accounting year, which has a duration of one year<\/strong>.<\/p>\n

Classification of current liabilities<\/h2>\n

Current liabilities are made up of the following accounts:<\/p>\n

    \n
  • Providers<\/strong>: account that represents the value of merchandise purchases that the company makes on credit. The registered balance is creditor and is a short-term debt that the company has the obligation to pay.<\/li>\n
  • Various creditors<\/strong>: it constitutes the amount of the debts that the company has for a concept other than the purchase of merchandise or contracting of services of its main activity.<\/li>\n
  • Taxes: correspond to the percentage of the sale price that the company charges its customers (tribute) and that must be paid to the State within 12 months of the accounting year.<\/li>\n
  • Short-term deferred liabilities<\/strong>: obligations that a company has for income received in advance, to provide a service or make a sale in the future (within the year).<\/li>\n
  • Short-term provisions<\/strong>: It consists of establishing and maintaining an amount of resources as expenses, to be prepared in case an obligation that the company has already contracted previously must be paid.<\/li>\n
  • Short-term portion of long-term government debt<\/strong>: corresponds to the percentage of an obligation, generated by a loan or a credit granted by a financial institution to the company, which must be paid within a period of one year.<\/li>\n<\/ul>\n\n\n\n\n\n
    Bibliography:<\/th>\n<\/tr>\n<\/thead>\n
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      \n
    • Newton, Enrique Fowler. Basic accounting<\/em>. Argentina: La Ley. 2019, 6th Edition.<\/li>\n
    • Current liabilities<\/em>. Recovered from Economipedia.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\n\n
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      What is current liabilities? Current liabilities, also known as current or short-term…<\/p>\n","protected":false},"author":1,"featured_media":638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-is"],"_links":{"self":[{"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/posts\/637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/comments?post=637"}],"version-history":[{"count":0,"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/posts\/637\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/media\/638"}],"wp:attachment":[{"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/media?parent=637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/categories?post=637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/tags?post=637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}