Explain the term Current Liability.
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current liability means amounts due to be paid to creditors within twelve months.
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cheshta73:
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Hola!
Current liabilities are a company's debts or obligations that are due within one year or within a normal operating cycle. ... Current liabilities appear on a company's balance sheet and include short-term debt, accounts payable, accrued liabilities, and other similar debts.
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