In accounting terms, a liability is an amount that you owe a creditor. Liabilities generally fall into two categories -- current and long-term. Current liabilities include debts you owe that you ...

Current liabilities include short-term financial obligations due within a year. Investors should monitor companies' current ratios to assess financial strength. A current ratio above 1 indicates a ...

Unpaid salaries are part of current liabilities and included in working capital calculations. Paid salaries do not impact working capital since they're not current liabilities. Working capital is ...

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A current ratio is an accounting formula that defines a company's ability to meet its immediate and short-term obligations. The current ratio, sometimes called the liquidity ratio or the working ...

Dividend accounts are paid as part of the distribution from a Profit and Loss account reserve. Use an Equity, Retained Earnings or Other Current Liability account when setting up a Dividend account.