Learn how non-interest-bearing current liabilities work, their role on balance sheets, and examples in corporate and personal finance without accruing interest charges.

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 ...

Explore what short/current long-term debt is, how it’s reported on balance sheets, and its impact on financial health.

The value of your business on any given day is the difference between your assets and liabilities. While many assets have intangible benefits, such as goodwill, recipes and patents, liabilities are ...

Assets generate income and appreciate in value, while liabilities drain resources and depreciate over time. Do you want to improve your net worth? Probably so. But if you’re like many people, you ...