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Current Portion of Long-term Debt Explained | Accounting How To is an accounting tutorial explaining the nature of long-term and short-term liabilities, the purpose of current portion of long-term debt (also called current maturities of long-term debt), classified balance sheets, and uses an example to explain how Current Portion of Long-term Debt or Current Maturities of Long-term Debt is determined. This is an accounting tutorial for accounting students, business owners, and bookkeepers to explain accounting basics for beginners. Featuring Terrance the T-Account Rex and accounting educator, Caroline Grimm, this accounting tutorial is part the playlist series: How to Pass Accounting Class and Accounting Basics for Business Owners. ⏰ Accounting How To Time Stamps: 00:00 Introduction to Current Portion of Long-term Debt 00:38What is Long-Term Debt? 01:15 What is Current Portion of Long-Term Debt? 02:24 Why do we categorize Current Portion of Long-term Debt in our liabilities? 04:03 Real Life Example 04:55 Journal Entries for Current Portion of Long-term Debt 06:26 Using a Debt Schedule to determine Current Portion of Long-term Debt Link to Current Assets video: • Current Assets Explained | Accounting How ... Link to Current Liabilities video: • Current Liabilities Explained | Accounting... 🎥 Playlists: 🎥 How to Pass Accounting Class Playlist: https://youtube.com/playlist?list=PLP... 🎥 Accounting Basics for Business Owners https://youtube.com/playlist?list=PLP... 📚 Get Caroline’s books on Amazon: Strength in Numbers: Fast and Easy Accounting Basics for Business Owners https://www.amazon.com/gp/product/B09... Solving the Cash Flow Puzzle: Practical Solutions for Common Financial Problems in Your Business https://www.amazon.com/gp/product/B09... 🔗 Associated Links YouTube: https://www.youtube.com/channel/UCQP3... Website: https://accountinghowto.com/ Facebook: / accountingho. . LinkedIn: / caroline-. . Caroline’s Historical and Contemporary Fiction site: https://talesofoldnewengland.com/ and http://magicofacadia.com/. Caroline’s Amazon Author Pages: Fiction books: https://www.amazon.com/Caroline-D-Gri... Business books: https://www.amazon.com/Caroline-Grimm... #accountinghowto #accounting #accountingbasics