Recurring short-term liabilities such as wages and taxes that change spontaneously with operations are known as:

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Accruals are recurring short-term liabilities that arise from operational activities and are not backed by any formal agreement or contract. Examples include wages, taxes, and interest payable. Unlike trade credits or promissory notes, accruals are not based on an explicit agreement between parties. Lines of credit and commercial paper refer to sources of financing, rather than specific types of liabilities.

Recurring Short-Term Liabilities Such as Wages and Taxes That Change