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Liabilities are a present obligation of the enterprise arising from past events, the settlement of which is expected to result in an outflow from the enterprise of resources embodying future benefits.

It contains current liabilities and long-term liabilities.

Current liabilities means short-term liabilities less than one-year, which is an obligation that the company can be expected to fulfill within the 12 months following the date of the balance sheet. Such as in the Balance sheet for Wal-mart,commercial paper accounts payable,..................................................................................................................................................Liabilities are a present obligation of the enterprise arising from past events, the settlement of which is expected to result in an outflow from the enterprise of resources embodying future benefits.

It contains current liabilities and long-term liabilities.

Current liabilities means short-term liabilities less than one-year, which is an obligation that the company can be expected to fulfill within the 12 months following the date of the balance sheet. Such as in the Balance sheet for Wal-mart,commercial paper accounts payable,..................................................................................................................................................Liabilities are a present obligation of the enterprise arising from past events, the settlement of which is expected to result in an outflow from the enterprise of resources embodying future benefits.

It contains current liabilities and long-term liabilities.

Current liabilities means short-term liabilities less than one-year, which is an obligation that the company can be expected to fulfill within the 12 months following the date of the balance sheet. Such as in the Balance sheet for Wal-mart,commercial paper accounts payable,..................................................................................................................................................Liabilities are a present obligation of the enterprise arising from past events, the settlement of which is expected to result in an outflow from the enterprise of resources embodying future benefits.

It contains current liabilities and long-term liabilities.

Current liabilities means short-term liabilities less than one-year, which is an obligation that the company can be expected to fulfill within the 12 months following the date of the balance sheet. Such as in the Balance sheet for Wal-mart,commercial paper accounts payable,..................................................................................................................................................

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