CurrentLiabilitiesandPayrollAccounting幻灯片.pptxVIP

11Current Liabilities and Payroll AccountingLearning ObjectivesExplain how to account for current liabilities.1Discuss how current liabilities arereported and analyzed.2Explain how to account for payroll.3Explain how to account for current liabilities.LEARNINGOBJECTIVE1What Is a Current Liability?A debt that acompany expects to pay within one year or the operating cycle, whichever is longer. Current liabilities include notes payable, accounts payable, unearned revenues, and accrued liabilities such as taxes payable, salaries and wages payable, and interest payable.LO 1What Is a Current Liabili