What are Liabilities? (Balance Sheet)

Liabilities are debts held by the business. These can either be short-term debts, referred to as Current Liabilities, or long-term debts, referred to as Non-Current Liabilities.

Written by Ross MacLeod

Liabilities are debts held by the business. These can either be short-term debts, referred to as Current Liabilities, or long-term debts, referred to as Non-Current Liabilities.