Liabilities Liabilities refer to creditor claims against total assets. For example, bank loans, debentures, etc. Related Articles: The Ultimate Guide to Becoming a Good Accountant [With PDF]Free Current Ratio CalculatorFree Working Capital CalculatorTop 30 Questions and Answers- Budgeting [With PDF]Debit and Credit-Definition, Examples, Differences, Rules, Problems & Solutions[Notes with PDF]