Concept
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Defining Current Liabilities
![A current liability, such as a credit purchase, can be documented with an invoice.](../../../../../../../../../figures.boundless-cdn.com/31155/full/volkswagen-invoice.jpeg)
A current liability, such as a credit purchase, can be documented with an invoice.
Current liabilities are debt owed and payable no later than the current accounting period.
Source
Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:
"Volkswagen Invoice."
http://commons.wikimedia.org/wiki/File:Volkswagen_Invoice.jpg
Wikimedia
CC BY.