Concept
Version 5
Created by Boundless
Other Current Liabilities: Sales Tax, Income Tax, Payroll, and Customer Advances
A company can incur different types of tax liabilities.
Taxes, employee salaries, and customer advances that will be payable or earned within a 12-month period can be reported as current liabilities.
Source
Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:
"Tax | Flickr - Photo Sharing!."
http://www.flickr.com/photos/76657755@N04/6921643174/
Flickr
CC BY.