Liabilities are of many types
We will understand them one by one with practical


.Sundry Creditors Payable
>Suppose you purchase internet service
Rs. 11800/- Monthly from Airtel Limited
Here airtel limited company is the Sundry creditor and
in accounting software the creditor is linked
to the head of current liability.

Entry :
Internet Exp. A/c       Dr.    11800
Airtel Limited A/c     Cr.    11800