Which of the following items is a current liability?

Explanation

Current liabilities are amounts due to be paid to creditors within twelve months. 

The following are common examples of current liabilities:

• Accounts payable. These are the trade payables due to suppliers, usually as evidenced by supplier invoices.
• Sales taxes payable. 
• Payroll taxes payable.
• Income taxes payable.
• Interest payable.
• Bank account overdrafts.
• Accrued expenses. 
• Customer deposits.