Small business accounting

What are Current Liabilities?

Last updated
April 1, 2025

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What are Current Liabilities?

Current liabilities, otherwise known as short-term liabilities are due within a year.

<p><a href="https://www.goforma.com/small-business-accounting/31-accounting-terms-concepts-you-need-to-know" target="_blank">Current liabilities</a>, otherwise known as short-term liabilities are due within a year.</p>

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