Current liabilities are obligations and debts that a business expects to pay off quickly, typically within a year or the length of its typical operating cycle, whichever is longer. These responsibilities which include both financial and non-financial obligations, are often connected to day-to-day activities.

Examples of current liabilities include the followings :

1. Accounts Payable : These are the sums due to vendors for produce or services that were financed. It indicates a business's near-term liabilities fo the goods or services acquired and includes unpaid bills.

2. Short term loans and Lines of credit : Loan and lines of credit with a one-year repayment duration are referred to as short-term loans and lines of credit. To address their working capital needs, such as managing inventory or filing brief cash gaps, businesses frequently turn to short-term lending.

3. Accrued Expenses : Expenses that a business has incurred but has not yet paid are known as accrued expenses. Example include rent, electricity, and interest on unpaid loans, as well as salary and wages owing to employees. Because the business i required by law to pay accrued expenses, they are recorded as liabilities.

4. Income Taxes Payable : This figure reflects the sum that a company owes to the government in terms of income taxes. Tax liabilities from prior years that must be paid within the upcoming year are included in the current income taxes payable, together with predicted taxes for the current year.

5, Dividends Payable : A corporation records the amount as dividens payable when it announces dividends but has not yet paid them to its shareholders. This is an illustration of the immediate obligation to disperse profits to shareholders.

6. Unearned revenue : Unearned income, sometimes referred to as delayed revenue or customer deposits, occurs when a business gets money in advance from clients for products or services it has not yet provided .Up until the corporation meets its responsibilities, the liability is recognized.

7. Current Portion of Long-term Debt : A corporation records the portion of long-term debt that is due as a current liability if the payment is due within the upcoming year. This makes it apparent which commitments related to borrowings are short-term and long-term.

8. Other Current Liabilities : This category consists of a variety of short-term debts that don't fall within the previous categories, Items like accumulated warranties, consumer refunds, and other contingent obligations may be included in it.

It's crucial to remember that current liabilities make up a significant portion of a company's balance sheet and should be successfully handled to preserve the organization's financial stability and liquidity.