Expenses payable always treated as current / fixed assets. Is it true or false?

False

Explanation:

This is an example of a current liability and not assets.

To explain this, assets are anything owned as a result of past activities that result into inflow of economic benefits while liabilities are obligation that arose as a result of pat activities that result into outflow of economic benefit.

Current assets or liabilities are expected to be settles within twelve months / a normal operating cycle of the business activities while the non - current are for a longer period.

Expenses payable are liabilities that are current in nature as it is expected to be settled within a business year.