Question

liability short term​

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:-

Liability means the work or responsible given to a person to do some work.

Liability similar work is Responsiblity,

Liability is coming under the business chapter