Outstanding Liabilities

Expenses which are payable at the end of period are called outstanding liabilities. For example: Account payable, wages payable, 

The outstanding liabilities are that don't seem to be paid yet. These outstanding liabilities are due on company's balance sheet and we got to pay them.

The aggregate of all debts a private or company is liable for. Total liabilities is easily calculated by summing all of one's short and long-run liabilities, together with any off record liabilities which corporations might incur. On the record, total liabilities and equity should equal total assets.

A company's total liabilities is split up into 2 basic parts, short- and long-run liabilities. short liabilities area unit usually liabilities that area unit due among one year or less. long-run liabilities are those with a time horizon of maturity is past the one year point. Liabilities like loans, leases and taxes due can be either category.