Question

what is mean by current liabilities​

Answer 1

Answer:

A current liability is an obligation that must be repaid within the current period or the next year whatever is longer.

Explanation:

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Answer 2

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What is mean by current liabilities?

→ A current liability is an obligation that must be repaid within the current period or the next year whatever is longer. In other words, it’s a short-term loan or long-term debt that will become due in the next 12 months and require payment of current assets.

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