Lesson 4 – Liabilities

 

Liabilities

Liabilities – Typically 2000

  • Accounts Payable – 2000 – 2099
  • Payroll Taxes Payable: 2100 – 2199
  • Accrued Expenses: 2200 – 2299
  • Loans & Notes Payable – Current Portion: 2300 – 2399
  • Other Short Term Liabilities: 2400 – 2499
  • Long Term Liabilities – Notes & Mortgages: 2600 – 2999