List of Liabilities In Accounting
As Liabilities include four Types of Liabilities (i) Current Liabilities (ii) N on Current Liabilities , Contingent Liabilities and Deferred Liabilities , so these are shown in the classified form in the B alance Sheet . (i) Current Liabilities Lists A list of current liabilities in accounting include Accounts Payable / Creditors, Unearned Income or Income Received In Advance, Outstanding Expenses / Expenses Payable. (ii) Long-term Liabilities Lists B ank Loans, Outstanding Finance Lease, Pension Payments Payable (iii) Contingent Liabilities Lists Lawsuit Case in which contingent liability arises as a result of losing the case. (iv) Deferred Liabilities Lists Deferred Revenues Such as Fees received in adva nce