Accountancy, asked by shwetabodake, 7 months ago

liabilty can be divident itno ___and long term libiality

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Answered by Anonymous

Answer:

Current liabilities are separated from long-term liabilities on classified balance sheets. ... Knowing the liabilities that are due within one year and the amount of assets turning to cash within one year are so important that it makes sense to prepare a classified balance sheet.

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