ACCOUNTING BASICS for Beginners (Whole Playlist) - What Are Liabilities? (SIMPLE Explanation)

👉 Confused by accounting? Download this free cheat sheet: https://accountingstuff.com Discover what Liabilities mean in Accounting. This episode is part of a series exploring Accounting Basics. To see the whole playlist check out the link below. In this Accounting tutorial you’ll hear the definition of Liabilities in Accounting. I'll also take you through the common types of Liability that are worth knowing about. ⏱️TIMESTAMPS 00:00 - Intro 01:18 - Liabilities Definition in Accounting 03:34 - What are Current Liabilities? 03:43 - Accounts Payable 05:45 - Salaries Payable 06:19 - Accruals 07:40 - Unearned Revenue 08:04 - Short Term Loans 08:18 - What are Non-Current Liabilities? 08:37 - Long Term Loans 08:45 - Bonds 09:23 - What are Contingent Liabilities? 09:40 - How Contingent Liabilities work 🔝 CLOUD ACCOUNTING SOFTWARE ▪ XERO (Free Trial / Discount) → https://xero5440.partnerlinks.io/08mfchsgfw8z ▪ QuickBooks Online USA (Free Trial / Discount) → https://geni.us/quickbooksonlineusa ▪ QuickBooks Online Canada (Free Trial / Discount) → https://geni.us/quickbooksonlinecanada 🔎FAQ ▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m 🚶FOLLOW ME ON ▪ Instagram → https://www.instagram.com/accountingstuff ▪ TikTok → https://www.tiktok.com/@accounting_stuff ▪ Facebook → https://www.facebook.com/thisisaccountingstuff/ 🎬LEARN ACCOUNTING BASICS FOR FREE ▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb ________________________ DISCLAIMER Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you! ________________________ #accounting #accountingbasics #accountingstuff