BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Bills payable, Outstanding expenses and Bank Overdraft are the current liabilities.

Detailed explanation-2: -Current liabilities are the sum of Notes Payable, Accounts Payable, Short-Term Loans, Accrued Expenses, Unearned Revenue, Current Portion of Long-Term Debts, Other Short-Term Debts.

Detailed explanation-3: -A current liability is one the company expects to pay in the short term using assets noted on the present balance sheet. Typical current liabilities include accounts payable, salaries, taxes and deferred revenues (services or products yet to be delivered but for which money has already been received).

Detailed explanation-4: -Examples of current liabilities accounts payable (which are amounts owed to suppliers) wages owed to employees or contractors. income and sales tax owed. pre-sold goods and services that you have agreed to deliver at a future time.