Basic Definitions and Theory 基本定义和理论(二) Objective: Learn basic definition of assets liabilities, and equities. Liabilities〔负债)is" a probable future sacrifice of economic benefits arising from present obligations of an entity to transfer assets or provide services as a result of a past transaction or event. ☆ Accounts Payable 令 Accrued Liabilities ☆Shot- Term Borrowing ☆ Dividends Payable ☆ Bonds 账务会计账务会计 Basic Definitions and Theory 基本定义和理论（二） Objective: Learn basic definition of assets, liabilities, and equities. Liabilities (负债) is “a probable future sacrifice of economic benefits arising from present obligations of an entity to transfer assets or provide services as a result of a past transaction or event.” ❖ Accounts Payable ❖ Accrued Liabilities ❖ Short-Term Borrowing ❖ Dividends Payable ❖ Bonds