Keywords

#current_liability

Current liability

Liabilities of the business that are to be settled in cash

Current liabilities in accounting refer to the liabilities of a business that are expected to be settled in cash within one fiscal year or the firm's operating cycle, whichever is longer. These liabilities are typically settled using current assets or by incurring new current liabilities.

Tue 10th

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Current liability Liability Current asset Liability (financial accounting) Balance sheet Long-term liabilities Working capital Self-driving car liability Debits and credits Current ratio
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