Question

current liabilities include find mcq
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Answer 1

Answer:

●Current liabilities of a company consist of short-term financial obligations that are due typically within one year. ...

●Accounts payable (AP) is a company's short-term debt obligations to its creditors and suppliers. ...

●Accrued expenses are costs of expenses that are recorded in accounting but have yet to be paid.

Answer 2

Answer:

Current liabilities are the debts on the company that is due in normal operating cycle.

Explanation:

Current liabilities

• Current liabilities are the debt that is not given till now.
• Current assets are used to settle liabilities.
• It is shown in the balance sheet of the company
• Some liabilities are short term like income tax, taking money from someone and giving it in 30 days and some liabilities are long term like running the factory you do not own, taking a loan of high amount that company can not pay in short interval of time.
• Examples are due income tax, due loan, due rent of the building, shareholders equity.