{"id":14391,"date":"2025-11-22T16:06:37","date_gmt":"2025-11-22T10:36:37","guid":{"rendered":"https:\/\/arnifi.com\/blog\/?p=14391"},"modified":"2025-11-22T16:06:38","modified_gmt":"2025-11-22T10:36:38","slug":"what-are-liabilities-in-accounting-explained-with-easy-examples","status":"publish","type":"post","link":"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/","title":{"rendered":"What Are Liabilities in Accounting? Explained with..."},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"677\" src=\"https:\/\/arnifi.com\/blog\/wp-content\/uploads\/2025\/11\/Thumbnail-12-1024x677.png\" alt=\"liabilities in accounting\" class=\"wp-image-14393\" srcset=\"https:\/\/arnifi.com\/blog\/wp-content\/uploads\/2025\/11\/Thumbnail-12-1024x677.png 1024w, https:\/\/arnifi.com\/blog\/wp-content\/uploads\/2025\/11\/Thumbnail-12-300x198.png 300w, https:\/\/arnifi.com\/blog\/wp-content\/uploads\/2025\/11\/Thumbnail-12-768x508.png 768w, https:\/\/arnifi.com\/blog\/wp-content\/uploads\/2025\/11\/Thumbnail-12.png 1106w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Liabilities are amounts a business already owes because of past events and that will use cash or other value in future.\u00a0<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2>Table of contents<\/h2><ul><li><a href=\"#h-what-is-liability\" data-level=\"2\">What is Liability?<\/a><\/li><li><a href=\"#h-current-non-current-and-provisions-explained\" data-level=\"2\">Current, Non-current, and Provisions Explained<\/a><\/li><li><a href=\"#h-easy-example-to-understand-current-vs-non-current\" data-level=\"2\">Easy Example To Understand Current vs Non-Current<\/a><\/li><li><a href=\"#h-taxes-that-become-liabilities\" data-level=\"2\">Taxes That Become Liabilities<\/a><\/li><li><a href=\"#h-provisions-and-contingent-liabilities-made-simple\" data-level=\"2\">Provisions and Contingent Liabilities Made Simple<\/a><\/li><li><a href=\"#h-measurement-basics-that-keep-numbers-clean\" data-level=\"2\">Measurement Basics That Keep Numbers Clean<\/a><\/li><li><a href=\"#h-frequent-mistakes-and-easy-fixes\" data-level=\"2\">Frequent Mistakes and Easy Fixes<\/a><\/li><li><a href=\"#h-conclusion\" data-level=\"2\">Conclusion<\/a><\/li><\/ul><\/div>\n\n\n\n<p>Under <a href=\"https:\/\/www.accaglobal.com\/in\/en\/student\/exam-support-resources\/professional-exams-study-resources\/strategic-business-reporting\/technical-articles\/conceptual-framework.html\">IFRS<\/a>, a liability is \u201ca present obligation of the entity to transfer an economic resource as a result of past events,\u201d and that idea shapes how standards treat payables, taxes, provisions, and lease balances.<\/p>\n\n\n\n<p>Liabilities must be taken seriously. <a href=\"https:\/\/www.taxmann.com\/post\/blog\/restatement-of-financial-statements-due-to-reclassification-of-liabilities\/\">Cases exist<\/a> where companies had to restate earlier financial statements just because debt was put in the wrong bucket between current and non-current, with regulators treating that as an accounting error that needs full correction.<\/p>\n\n\n\n<p>In another recent example, fixing booking problems cut one large retailer\u2019s reported net income by about <a href=\"https:\/\/www.wsj.com\/articles\/macys-accounting-scandal-raises-questions-about-which-errors-matter-fdebaa17\">57% for the year<\/a>, showing how liability and related entries can swing earnings on their own.<\/p>\n\n\n\n<p>This guide explains the categories, measurement rules, disclosures, and quick controls that keep liability numbers clean and audit-ready throughout the year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-liability\"><strong>What is Liability?<\/strong><\/h2>\n\n\n\n<p>There are three terms that define liability on a business:<\/p>\n\n\n\n<ul>\n<li><strong>Present obligation.<\/strong> Something has already happened that binds you.<\/li>\n\n\n\n<li><strong>Transfer of an economic resource.<\/strong> Usually cash, sometimes goods or services.<\/li>\n\n\n\n<li><strong>Past events.<\/strong> A delivery, a signed contract, a tax period that has ended, or a service already received.<\/li>\n<\/ul>\n\n\n\n<p>This definition is the same logic <a href=\"https:\/\/www.ifrs.org\/issued-standards\/list-of-standards\/ias-12-income-taxes\/\">auditors apply<\/a> when they test payables, taxes, and accruals.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-current-non-current-and-provisions-explained\"><strong>Current, Non-current, and Provisions Explained<\/strong><\/h2>\n\n\n\n<p>Financial statements split liabilities into current, non-current, and provisions, with separate note disclosures for contingent items.<\/p>\n\n\n\n<p>A liability is current if it is due within twelve months. If you:<\/p>\n\n\n\n<ul>\n<li>Expect to settle it in your normal operating cycle, or<\/li>\n\n\n\n<li>Cannot delay payment for at least twelve months<\/li>\n<\/ul>\n\n\n\n<p>Then it is a current liability. If it does not meet those points, it is a non-current liability. Provisions sit in the middle between normal bills that must be paid and uncertain risks. Record a provision when:<\/p>\n\n\n\n<ul>\n<li>There is already an obligation.<\/li>\n\n\n\n<li>Paying money is more likely than not.<\/li>\n\n\n\n<li>Putting a sensible number on that amount is possible.<\/li>\n<\/ul>\n\n\n\n<p><strong>Important Advice<\/strong>: If the obligation might happen but is less clear or measuring it is becoming tough, do not book a provision. Instead, show it as a contingent liability in the notes instead.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-easy-example-to-understand-current-vs-non-current\"><strong>Easy Example To Understand Current vs Non-Current<\/strong><\/h2>\n\n\n\n<ul>\n<li>Supplier invoices due next month: <strong>current<\/strong>.<\/li>\n\n\n\n<li>Next year\u2019s portion of a five-year bank loan: <strong>current<\/strong>; the rest: <strong>non-current<\/strong>.<\/li>\n\n\n\n<li>Payroll taxes payable for the last quarter: <strong>current<\/strong>.<\/li>\n\n\n\n<li>A decommissioning cost due in ten years with a legal requirement today: <strong>non-current provision<\/strong> (discounted).<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-taxes-that-become-liabilities\"><strong>Taxes That Become Liabilities<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-payable-vat\"><strong>Payable VAT<\/strong><\/h3>\n\n\n\n<p>Output VAT less input VAT creates a balance due to the tax authority. On UAE ledgers this appears as VAT liabilities UAE at period end until the return is filed and paid.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-corporate-income-tax\"><strong>Corporate Income Tax<\/strong><\/h3>\n\n\n\n<p>Current tax for the year becomes a current tax liability to the extent unpaid. That rule is explicit in <a href=\"https:\/\/www.ifrs.org\/content\/dam\/ifrs\/meetings\/2014\/july\/ifrs-ic\/ias-12-income-taxes\/ap3a-draft-interpretation.pdf\">IAS 12<\/a>: unpaid current tax for current and prior periods is recognised as a liability. Deferred tax follows separate recognition rules.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-corporate-tax-liabilities-uae-nbsp\"><strong>Corporate Tax Liabilities UAE&nbsp;<\/strong><\/h3>\n\n\n\n<p>It will usually be current, because payment is due within months of year-end, while any uncertain positions follow the IAS 12 framework for recognition and measurement.<\/p>\n\n\n\n<p>If all these liability terms feel confusing, Arnifi\u2019s <a href=\"https:\/\/arnifi.com\/services\/accounting\">accounting and bookkeeping services<\/a> in UAE can handle the day-to-day work.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-provisions-and-contingent-liabilities-made-simple\"><strong>Provisions and Contingent Liabilities Made Simple<\/strong><\/h2>\n\n\n\n<p>Think of provisions as <strong>\u201c<\/strong>probably payable, estimate known<strong>\u201d<\/strong> and contingencies as <strong>\u201c<\/strong>maybe payable, estimate unclear.\u201d&nbsp;<\/p>\n\n\n\n<p>Recognise a provision for warranty claims, legal settlements that are likely, or restoration duties, and discount long-dated cash flows when the effect is material.&nbsp;<\/p>\n\n\n\n<p>If the outflow is only possible, disclose the facts and the uncertainties in the notes instead of booking a number.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-measurement-basics-that-keep-numbers-clean\"><strong>Measurement Basics That Keep Numbers Clean<\/strong><\/h2>\n\n\n\n<ul>\n<li><strong>Payables and accruals<\/strong> are measured at invoice amount or best estimate.<\/li>\n\n\n\n<li><strong>Loans<\/strong> are measured at amortised cost using the effective interest method; disclosure covers interest rate and maturity.<\/li>\n\n\n\n<li><strong>Provisions<\/strong> use the best estimate of the expenditure required; discount long-term obligations and unwind the discount as interest expense.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-frequent-mistakes-and-easy-fixes\"><strong>Frequent Mistakes and Easy Fixes<\/strong><\/h2>\n\n\n\n<p><strong>Mistake: Booking only the invoice.<\/strong>&nbsp;<\/p>\n\n\n\n<p>Expenses without invoices at month-end vanish from the balance sheet. Fix with standing accruals and reversal journals.<\/p>\n\n\n\n<p><strong>Mistake: Misclassifying maturities.<\/strong>&nbsp;<\/p>\n\n\n\n<p>The next-twelve-months test applies on the reporting date, not when the loan was signed. Update the split every quarter.<\/p>\n\n\n\n<p><strong>Mistake: Treating every uncertainty as a provision.<\/strong>&nbsp;<\/p>\n\n\n\n<p>Some risks are disclosures only. Use the \u201cprobable and measurable\u201d test before booking a number.<\/p>\n\n\n\n<p><strong>Mistake: Ignoring advances from customers.<\/strong>&nbsp;<\/p>\n\n\n\n<p>Prepayments are contract liabilities, not revenue. Recognise revenue only after delivering.<\/p>\n\n\n\n<p><strong>Mistake: Parking long-dated obligations at face value.<\/strong>&nbsp;<\/p>\n\n\n\n<p>Material long-term provisions must be discounted. Track the unwinding as finance cost.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-conclusion\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<p>Remember the core rule to understand liability: present obligation, outflow expected, past event. This way, classifying most items correctly is possible.&nbsp;<\/p>\n\n\n\n<p>Use current versus non-current based on the twelve-month test, treat advances as contract liabilities, and keep provisions for obligations that are both probable and measurable.&nbsp;<\/p>\n\n\n\n<p>When in doubt, disclose and document. That approach keeps liabilities in accounting clean, notes useful, and passes audits.&nbsp;<\/p>\n\n\n\n<p>Arnifi offers <a href=\"https:\/\/arnifi.com\/services\/accounting\">accounting and bookkeeping services in UAE<\/a> that turns liability rules into simple, daily practice. They track payables, loans, and provisions clearly, so you avoid surprises at month-end.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Liabilities are amounts a business already owes because of past events and that will use cash or other value in future.\u00a0 Under IFRS, a liability is \u201ca present obligation of the entity to transfer an economic resource as a result of past events,\u201d and that idea shapes how standards treat payables, taxes, provisions, and lease [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":14393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4478],"tags":[],"acf":[],"contentshake_article_id":"","yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.2 (Yoast SEO v22.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Liabilities in Accounting | Clear Examples and Tips<\/title>\n<meta name=\"description\" content=\"Learn how current and non current liabilities in accounting work in UAE, with simple examples and balance sheet tips that keep auditors clear on your numbers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Are Liabilities in Accounting? Explained with Easy Examples\" \/>\n<meta property=\"og:description\" content=\"Learn how current and non current liabilities in accounting work in UAE, with simple examples and balance sheet tips that keep auditors clear on your numbers.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/\" \/>\n<meta property=\"og:site_name\" content=\"Arnifi Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/arnifiofficial\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-22T10:36:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-22T10:36:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/arnifi.com\/blog\/wp-content\/uploads\/2025\/11\/Thumbnail-12.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1106\" \/>\n\t<meta property=\"og:image:height\" content=\"731\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Shethana\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@arnifiofficial\" \/>\n<meta name=\"twitter:site\" content=\"@arnifiofficial\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shethana\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/\"},\"author\":{\"name\":\"Shethana\",\"@id\":\"https:\/\/arnifi.com\/blog\/#\/schema\/person\/35a5999cf8279f0548ccee889ca7bc63\"},\"headline\":\"What Are Liabilities in Accounting? Explained with...\",\"datePublished\":\"2025-11-22T10:36:37+00:00\",\"dateModified\":\"2025-11-22T10:36:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/\"},\"wordCount\":914,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/arnifi.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/arnifi.com\/blog\/wp-content\/uploads\/2025\/11\/Thumbnail-12.png\",\"articleSection\":[\"Accounting &amp; Bookkeeping\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/#respond\"]}],\"accessibilityFeature\":[\"tableOfContents\"]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/\",\"url\":\"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/\",\"name\":\"Liabilities in Accounting | Clear Examples and Tips\",\"isPartOf\":{\"@id\":\"https:\/\/arnifi.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/arnifi.com\/blog\/wp-content\/uploads\/2025\/11\/Thumbnail-12.png\",\"datePublished\":\"2025-11-22T10:36:37+00:00\",\"dateModified\":\"2025-11-22T10:36:38+00:00\",\"description\":\"Learn how current and non current liabilities in accounting work in UAE, with simple examples and balance sheet tips that keep auditors clear on your numbers.\",\"breadcrumb\":{\"@id\":\"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/#primaryimage\",\"url\":\"https:\/\/arnifi.com\/blog\/wp-content\/uploads\/2025\/11\/Thumbnail-12.png\",\"contentUrl\":\"https:\/\/arnifi.com\/blog\/wp-content\/uploads\/2025\/11\/Thumbnail-12.png\",\"width\":1106,\"height\":731,\"caption\":\"liabilities in accounting\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/arnifi.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What Are Liabilities in Accounting? Explained with...\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/arnifi.com\/blog\/#website\",\"url\":\"https:\/\/arnifi.com\/blog\/\",\"name\":\"Arnifi\",\"description\":\"Arnifi is digital first Corporate service provider helping companies enter the Middle East region, starting with UAE and Saudi Arabia markets\",\"publisher\":{\"@id\":\"https:\/\/arnifi.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/arnifi.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/arnifi.com\/blog\/#organization\",\"name\":\"Arnifi\",\"url\":\"https:\/\/arnifi.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/arnifi.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/arnifi.com\/blog\/wp-content\/uploads\/2026\/01\/cropped-logo-removebg-preview.png\",\"contentUrl\":\"https:\/\/arnifi.com\/blog\/wp-content\/uploads\/2026\/01\/cropped-logo-removebg-preview.png\",\"width\":835,\"height\":208,\"caption\":\"Arnifi\"},\"image\":{\"@id\":\"https:\/\/arnifi.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/arnifiofficial\",\"https:\/\/x.com\/arnifiofficial\",\"https:\/\/www.linkedin.com\/company\/arnifiofficial\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/arnifi.com\/blog\/#\/schema\/person\/35a5999cf8279f0548ccee889ca7bc63\",\"name\":\"Shethana\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/arnifi.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/fc33b77f3eb287a6e7d71690558269dc?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/fc33b77f3eb287a6e7d71690558269dc?s=96&d=mm&r=g\",\"caption\":\"Shethana\"},\"description\":\"SEO Manager\",\"url\":\"https:\/\/arnifi.com\/blog\/author\/shethana\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Liabilities in Accounting | Clear Examples and Tips","description":"Learn how current and non current liabilities in accounting work in UAE, with simple examples and balance sheet tips that keep auditors clear on your numbers.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/","og_locale":"en_US","og_type":"article","og_title":"What Are Liabilities in Accounting? Explained with Easy Examples","og_description":"Learn how current and non current liabilities in accounting work in UAE, with simple examples and balance sheet tips that keep auditors clear on your numbers.","og_url":"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/","og_site_name":"Arnifi Blog","article_publisher":"https:\/\/www.facebook.com\/arnifiofficial","article_published_time":"2025-11-22T10:36:37+00:00","article_modified_time":"2025-11-22T10:36:38+00:00","og_image":[{"width":1106,"height":731,"url":"https:\/\/arnifi.com\/blog\/wp-content\/uploads\/2025\/11\/Thumbnail-12.png","type":"image\/png"}],"author":"Shethana","twitter_card":"summary_large_image","twitter_creator":"@arnifiofficial","twitter_site":"@arnifiofficial","twitter_misc":{"Written by":"Shethana","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/#article","isPartOf":{"@id":"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/"},"author":{"name":"Shethana","@id":"https:\/\/arnifi.com\/blog\/#\/schema\/person\/35a5999cf8279f0548ccee889ca7bc63"},"headline":"What Are Liabilities in Accounting? Explained with...","datePublished":"2025-11-22T10:36:37+00:00","dateModified":"2025-11-22T10:36:38+00:00","mainEntityOfPage":{"@id":"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/"},"wordCount":914,"commentCount":0,"publisher":{"@id":"https:\/\/arnifi.com\/blog\/#organization"},"image":{"@id":"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/#primaryimage"},"thumbnailUrl":"https:\/\/arnifi.com\/blog\/wp-content\/uploads\/2025\/11\/Thumbnail-12.png","articleSection":["Accounting &amp; Bookkeeping"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/#respond"]}],"accessibilityFeature":["tableOfContents"]},{"@type":"WebPage","@id":"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/","url":"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/","name":"Liabilities in Accounting | Clear Examples and Tips","isPartOf":{"@id":"https:\/\/arnifi.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/#primaryimage"},"image":{"@id":"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/#primaryimage"},"thumbnailUrl":"https:\/\/arnifi.com\/blog\/wp-content\/uploads\/2025\/11\/Thumbnail-12.png","datePublished":"2025-11-22T10:36:37+00:00","dateModified":"2025-11-22T10:36:38+00:00","description":"Learn how current and non current liabilities in accounting work in UAE, with simple examples and balance sheet tips that keep auditors clear on your numbers.","breadcrumb":{"@id":"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/#primaryimage","url":"https:\/\/arnifi.com\/blog\/wp-content\/uploads\/2025\/11\/Thumbnail-12.png","contentUrl":"https:\/\/arnifi.com\/blog\/wp-content\/uploads\/2025\/11\/Thumbnail-12.png","width":1106,"height":731,"caption":"liabilities in accounting"},{"@type":"BreadcrumbList","@id":"https:\/\/arnifi.com\/blog\/what-are-liabilities-in-accounting-explained-with-easy-examples\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/arnifi.com\/blog\/"},{"@type":"ListItem","position":2,"name":"What Are Liabilities in Accounting? Explained with..."}]},{"@type":"WebSite","@id":"https:\/\/arnifi.com\/blog\/#website","url":"https:\/\/arnifi.com\/blog\/","name":"Arnifi","description":"Arnifi is digital first Corporate service provider helping companies enter the Middle East region, starting with UAE and Saudi Arabia markets","publisher":{"@id":"https:\/\/arnifi.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/arnifi.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/arnifi.com\/blog\/#organization","name":"Arnifi","url":"https:\/\/arnifi.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/arnifi.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/arnifi.com\/blog\/wp-content\/uploads\/2026\/01\/cropped-logo-removebg-preview.png","contentUrl":"https:\/\/arnifi.com\/blog\/wp-content\/uploads\/2026\/01\/cropped-logo-removebg-preview.png","width":835,"height":208,"caption":"Arnifi"},"image":{"@id":"https:\/\/arnifi.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/arnifiofficial","https:\/\/x.com\/arnifiofficial","https:\/\/www.linkedin.com\/company\/arnifiofficial\/"]},{"@type":"Person","@id":"https:\/\/arnifi.com\/blog\/#\/schema\/person\/35a5999cf8279f0548ccee889ca7bc63","name":"Shethana","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/arnifi.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/fc33b77f3eb287a6e7d71690558269dc?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fc33b77f3eb287a6e7d71690558269dc?s=96&d=mm&r=g","caption":"Shethana"},"description":"SEO Manager","url":"https:\/\/arnifi.com\/blog\/author\/shethana\/"}]}},"_links":{"self":[{"href":"https:\/\/arnifi.com\/blog\/wp-json\/wp\/v2\/posts\/14391"}],"collection":[{"href":"https:\/\/arnifi.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arnifi.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arnifi.com\/blog\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/arnifi.com\/blog\/wp-json\/wp\/v2\/comments?post=14391"}],"version-history":[{"count":1,"href":"https:\/\/arnifi.com\/blog\/wp-json\/wp\/v2\/posts\/14391\/revisions"}],"predecessor-version":[{"id":14394,"href":"https:\/\/arnifi.com\/blog\/wp-json\/wp\/v2\/posts\/14391\/revisions\/14394"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arnifi.com\/blog\/wp-json\/wp\/v2\/media\/14393"}],"wp:attachment":[{"href":"https:\/\/arnifi.com\/blog\/wp-json\/wp\/v2\/media?parent=14391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arnifi.com\/blog\/wp-json\/wp\/v2\/categories?post=14391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arnifi.com\/blog\/wp-json\/wp\/v2\/tags?post=14391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}