会计专业英语 工业和信息化高职高专十二五 规划教材立项项目 教学课件 作者 孙晓媛 7.pptVIP

Accounting English Accounting English Lesson seven liabilities Learning objectives 1．The types of current liabilities 2．How to account for account payable, unearned revenue 3．Account for debentures (bonds)payable 4．Issue bonds payable discount and premium Words and phrase 7.1 Current liabilities Current liabilities refer to the obligations that are reasonably expected to be paid on demand from existing current assets or through the creation of other current liabilities. As in the case of current assets, the time period for payment is one year or one operating cycle, whichever is longer. Curr