The SOHO Guidebook Thousands of pages of essential information on starting, financing, managing and marketing your small business. Business Tools Downloadable checklists, model business plans, forms and other documents. Our small business online advice columnist. CCH Online Store Free E-mail Newsletter Liabilities Search Help Liabilities are what your company owes. For accounting purposes, current liabilities are those that are due within a year, such as accounts payable, taxes, and wages.
Liabilities are balance sheet accounts.
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