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Non Current Liabilities Examples. Typically, other non-current liabilities can be described as a group of long-term liabilities that cannot be explicitly identified under non-current liabilities. The most common examples of such financial obligations include bonds, product against warranty, deferred compensation, revenues and pension liabilities.
Such liabilities called account payable and class as current liabilities.
It is just opposite to current liabilities, where the debts are short-term and its maturing is with twelve months.
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There are two types of accrued liabilities: routine/recurring and infrequent/non-routine. Current liabilities are recorded on the right side of the Balance Sheet of a company and are typically posted before non-current liabilities. A current liability is an obligation that is payable within one year.