According to the repayment period of liabilities, it can be divided into subjects reflecting current liabilities and subjects reflecting long-term liabilities. And when handling loans, it can also be divided into long-term loans and short-term loans.

Short-term loans refer to all kinds of loans that enterprises borrow from banks or other financial institutions for repayment within one year according to the needs of production and operation, including production revolving loans and temporary loans. In contrast, it is a long-term loan.

Long-term loans are loans that enterprises borrow from banks or other financial institutions for more than one year. Long-term loans can be divided into loans for capital construction, technological transformation and production and operation according to different loan purposes, and loans for regular one-time repayment and installment repayment according to different repayment methods.

Main features of liabilities:

Liabilities are the current obligations of enterprises.

The settlement of liabilities is expected to lead to the outflow of economic benefits of enterprises.

Liabilities are formed by past transactions or events.