Current liabilities: Obligations due in one year or less
Accounts payable: Cash owed to others
Income tax payable: Tax owed to government
Dividends payable: Dividends owed to shareholders
Accrued liabilities: Expenses incurred, not recorded
Current portion of long-term debt: Portion of debt due in less than a year
Accounting Flashcards includes a translate button for English, Chinese, and Spanish.
Learn financial accounting using beautifully illustrated flashcards, coordinated lessons, and rich audio. Whether you are an aspiring CPA or IFRS expert, use this accountancy app to reach your goals. Even an aspiring chartered accountant or those reaching for the CPA Australia can benefit. Topics of accounting standards, equation, terms, ratios, and more are covered.
« Back to Glossary Index