incurrence of liabilities

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Current liabilities — A debt or other obligation that must be discharged within one year or the normal operating cycle of the utility by expending a current asset or the incurrence of another short term obligation. Current liabilities include accounts payable, short … Energy terms
Income statement — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts … Wikipedia
National accounts — Economics … Wikipedia
in|cur|rence — «ihn KUR uhns», noun. the act or fact of incurring: »the incurrence of liabilities … Useful english dictionary

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