Is the occupational risk fund a current liability or a non-current liability?
Current liabilities. According to the definition of liabilities in accounting standards, liabilities are accounts payable generated by enterprises to fulfill their social responsibilities or contractual obligations, while practice risk funds are reserves used to offset practice risks and are part of the accounts payable of enterprises. This money is set aside by the enterprise to offset possible risks and will be spent later, so there will be no long-term accumulation. Therefore, this money can be classified as current liabilities.