Liabilities Vocabulary Set in Accounting - Auditing: Full and Detailed List
The 'Liabilities' vocabulary set in 'Accounting - Auditing' is carefully selected from standard international textbook sources, helping you master vocabulary in a short time. Comprehensive compilation of definitions, illustrative examples, and standard pronunciation...
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/ˌlaɪ.əˈbɪl.ə.t̬i/
Example:
The company accepted full liability for the accident.
/ˈkɜːrənt laɪəˈbɪlɪti/
Example:
Accounts payable and short-term loans are common examples of current liabilities.
/ˌlɔŋ tɜːrm ˌlaɪəˈbɪlɪti/
Example:
The company's balance sheet showed a significant amount of long-term liabilities, including bonds payable.
/noʊt ˈpeɪəbl/
Example:
The company issued a note payable to the bank for the loan.
/əˌkaʊnts ˈpeɪəbl/
Example:
We need to process the accounts payable by the end of the week.
/əˌkruːd ɪkˈspens/
Example:
The company recorded an accrued expense for utilities used but not yet billed.
/dɪˌfɜːrd ˈrev.ə.nuː/
Example:
The software company recorded the annual subscription fee as deferred revenue until the service was fully provided.
/ˌlɔŋ tɜːrm ˈdet/
Example:
The company's balance sheet showed a significant amount of long-term debt.
/ˈkæpɪtl liːs/
Example:
The company decided to use a capital lease for the new machinery to spread out the cost over several years.