Accountancy, asked by mitrajit1262, 1 year ago

Explain the term Current Liability.

Answers

Answered by cheshta73
2

current liability means amounts due to be paid to creditors within twelve months.

i hope it is correct

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cheshta73: mark me as brainliest
Answered by khushi769
0

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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