The obligations of a business that are accumulated during the normal course of a business are

Question

Quizplus · Accepted Answer

Accrued liabilities are the obligations that a business incurs during the normal course of its operations but has not yet paid for. Examples of accrued liabilities include salaries and wages payable, taxes payable, and interest payable. Short-term debt refers to loans or other financial obligations that a company must repay within one year, while long-term debt refers to obligations that are due in more than one year. Actual liabilities refer to any financial obligations that a company owes to others.

The Obligations of a Business That Are Accumulated During the Normal