Current Liabilities - Amounts owed subject to constant change, such as accounts payable to
creditors, becoming due and payable in short periods. The current liabilities of a stock company
include (1) loans and bills payable ; (2) accounts payable; (3) pay-rolls and vouchers; (4) interest
and dividends accrued; (5) due to other companies (in the case of a railroad, traffic balances) ; (6)
sundry liabilities.
creditors, becoming due and payable in short periods. The current liabilities of a stock company
include (1) loans and bills payable ; (2) accounts payable; (3) pay-rolls and vouchers; (4) interest
and dividends accrued; (5) due to other companies (in the case of a railroad, traffic balances) ; (6)
sundry liabilities.
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