Accountancy, asked by majumderdiya32, 1 month ago

what is current liability

Answers

Answered by Kasendra
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

Explanation:

Answered by anitabhagat259
0

Answer:

Current liabilities are a company's short-term financial obligations that are due within one year or within a normal operating cycle. ... Examples of current liabilities include accounts payable, short-term debt, dividends, and notes payable as well as income taxes owed.

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