Discover how accounts payable function as short-term liabilities, not expenses, and learn how they impact a company's ...

Financial data are most often recorded using a technique called double-entry accounting. This method relies upon a mathematical construct called the accounting equation. Any time an adjustment is made ...

Notes payable make up a common category of current liabilities as shown on the balance sheet. These include debt obligations payable within a 12-month period. A note is a formal written commitment to ...

Current liabilities include short-term financial obligations due within a year. Investors should monitor companies' current ratios to assess financial strength. A current ratio above 1 indicates a ...