Liabilities, then what are liabilities and what liabilities include

Liabilities refer to the current obligations of an enterprise that are expected to result in the outflow of economic benefits from the enterprise. According to the definition of liabilities, liabilities have the following three characteristics: (1) Liabilities are current obligations assumed by enterprises.

Liabilities must be the current obligations assumed by the enterprise, where the current obligations refer to the obligations that the enterprise has assumed under the current conditions. Obligations arising from future transactions or events are not current obligations and should not be recognized as liabilities. (2) Liabilities are expected to result in an outflow of economic benefits from the enterprise.

It is expected that economic benefits will flow out of the enterprise, which is an essential feature of liabilities, and only those that will result in the outflow of economic benefits from the enterprise at the time of the performance of obligations meet the definition of liabilities. In the performance of current obligations to settle liabilities, there are many forms that lead to the outflow of economic benefits from the enterprise. (3) Liabilities are formed by past transactions or events of the enterprise.

Liabilities should be formed by past transactions or events of the enterprise. In other words, only past transactions or events will form liabilities, and transactions or events such as promises and contracts that will occur in the future will not form liabilities. Conditions for Recognition of Liabilities:

To recognise a current obligation as a liability, the definition of a liability needs to be met, and both of the following conditions need to be met: (1) The economic benefits associated with the obligation are likely to flow out of the enterprise. From the definition of liabilities, it can be seen that the expectation that economic benefits will flow out of the enterprise is an essential characteristic of liabilities.

2) The amount of future outflows of economic benefits can be reliably measured. The recognition of liabilities should be reliably measurable for the amount of future economic benefits while considering the outflow of economic benefits from the enterprise.

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The IASB defines liabilities as current obligations arising from past transactions or events that are expected to result in an outflow of economic benefits from the enterprise.

China's "Accounting Standards for Business Enterprises" defines liabilities as liabilities that can be measured in monetary terms and need to be repaid with assets or services.

According to the definition of a liability, a liability has the following characteristics:

1. Liabilities are the current obligations of the enterprise;

2. The repayment of liabilities is expected to lead to the outflow of economic benefits from the enterprise;

3. Liabilities are formed by past transactions or events.

Liabilities are present obligations that are created through past transactions or events that are expected to result in an outflow of economic benefits. Liabilities can be divided into two categories: current liabilities and long-term liabilities according to the speed of repayment and the length of time. Liabilities have the following three characteristics:

1. Liabilities are formed by historical transactions or events; 2. Liabilities are current obligations that the entity needs to bear; 3. Liabilities are expected to lead to the outflow of economic benefits.

Liabilities refer to the current obligations of an enterprise that are expected to result in the outflow of economic benefits from the enterprise. In addition to meeting the basic definition, two conditions must be met at the same time:

1. The economic benefits related to the obligation are likely to flow out of the enterprise; 2. The amount of economic benefits outflowed in the future can be reliably measured. Liabilities have the following characteristics:

1. Liabilities are the current obligations of the enterprise;

2. The repayment of liabilities is expected to lead to the outflow of economic benefits from the enterprise;

3. Liabilities are formed by past transactions or events.

4. Liabilities are based on laws, relevant systems and regulations or commitments in contracts;

5. The amount of outflow of economic benefits can be reliably measured;

6. The liability has a definite creditor and repayment date, or the creditor and repayment date can be reasonably estimated.

Liabilities refer to the current obligations of the enterprise that result in the outflow of economic benefits from past transactions or events. Two conditions should be met at the same time:

The economic benefits associated with the obligation are likely to flow out of the enterprise.

The amount of future outflows of economic benefits can be reliably measured.

Liabilities usually refer to the debts owed by a business or individual to others, mainly including the following aspects:

Short-term liabilities: i.e., debts that need to be repaid within one year, such as accounts payable, short-term loans, etc.

Long-term debt: that is, debt that needs to be repaid for more than one year, such as long-term loans, bonds, etc.

Interest Payable: Refers to the interest expense that has been incurred but not yet paid.

Dividends payable: refers to the part of dividends that the company should pay to shareholders, but has not yet been paid.

Default of tax payable: refers to various taxes that have not been paid by enterprises or individuals, such as income tax, value-added tax, etc.