Accountancy, asked by rinidinda9, 3 months ago

short-term loan taken from Bank is a __________ liability​

Answers

Answered by LAVANYAPULDEV
0

Answer:

Current liability

Explanation:

Short-term debt, also called current liabilities, is a firm's financial obligations that are expected to be paid off within a year.

Answered by helpinhand
1

QUESTION:

short-term loan taken from Bank is a __________ liability​

ANSWER:

A short-term loan is categorized as a current liability whereas a long-term loan is capitalized and classified as a long-term liability.

NOTE:

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