Which one of the following is shown first under current liabilities by many companies as a matter of custom?

Question

Quizplus · Accepted Answer

Notes payable and accounts payable are typically listed first under current liabilities, followed by accrued expenses, sales taxes payable, and current maturities of long-term debt. This is because notes and accounts payable are usually the most significant and frequently occurring current liabilities.

Which One of the Following Is Shown First Under Current