Can you provide a list of external liabilities?

External liabilities are the amounts which a business is obliged to pay to the outsiders (who are not owners of the business).

Here is the list of external liabilities:-

1. Accounts payable ( trade creditors and bills payables)
2. Loan taken from outsiders

• Loan from bank
• Debentures
• Public deposits accepted

1. Outstanding expenses

• Outstanding salary
• Outstanding rent
• Outstanding tax

1. Interest due on loans taken from outsiders

The list is not exhaustive.

Just for more understanding, internal liabilities are those liabilities which a business is supposed to pay back to its owners.  Such as capital balance, profit surplus etc.