Liabilities that are due and payable within a period of 12 months or less. Examples include the firm's accounts payable, accrued ex- penses, and short-term notes.
在 12 个月或更短的时间内到期和应付的负债。例子包括公司的应付账款、应计费用和短期票据。
The credit suppliers extended to the firm when it purchased items for its inventories.
Liabilities that were incurred in the firm's operations but not yet paid. For example, the company's employees might have done work for which they will not be paid until the following week or month. The wages owed by the fim to its employees are recorded as accrued wages.