2. Current liabilities refer to the total debts that an enterprise needs to repay within one year or more business weeks, including short-term loans, accounts payable and accounts received in advance, wages payable, taxes payable and profits payable.
3. Long-term liabilities refer to the total debts that an enterprise needs to repay in the production cycle of more than one year, including long-term loans, debts payable and long-term payables.