Salaries payable, accounts payable, and unearned revenue are examples of current liabilities.
Salaries payable is a legal responsibility account that includes the amounts of any salaries owed to employees, that have no longer but been paid to them. The balance within the account represents the salaries liability of a commercial enterprise as of the balance sheet date.
Accounts payable (AP) are amounts due to companies or providers for goods or services obtained that have no longer yet been paid for. The sum of all incredible quantities owed to vendors is proven as the debts payable stability on the organization's balance sheet.
Unearned revenue is cash received by using a man or woman or enterprise for a service or product that has but to be supplied or added. it could be a concept of a "prepayment" for items or services that someone or an enterprise is predicted to supply to the patron at a later date.
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