Question

How can a liability be classified?​

Answer 1

Answer:

Classification of Liabilities;-

Current liabilities (short-term liabilities) are liabilities that are due and payable within one year.

Non-current liabilities (long-term liabilities) are liabilities that are due after a year or more.

Explanation:

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Answer 2

Classification of Liabilities

Current liabilities (short-term liabilities) are liabilities that are due and payable within one year.

Non-current liabilities (long-term liabilities) are liabilities that are due after a year or more.

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