Question

describe current libilites​

Answer 1

Answer:

In accounting, current liabilities are often understood as all liabilities of the business that are to be settled in cash within the fiscal year or the operating cycle of a given firm, whichever period is longer

Answer 2

Answer:

$Current liabilities are a company's short-termfinancial obligations that are due within one year or within a normal operating cycle. ... An example of acurrent liability is money owed to suppliers in the form of accounts payable.$

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