Identify the current liability.
A)Wages owing.
B)Loan from B Buy (due in 4 months).
C)Bill payable (due in 2 years).
D)Both A and B.

Name: Identify the current liability. A)Wages owing. B)Loan from B Buy (due in 4 months). C)Bill payable (due in 2 years). D)Both A and B.
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Question

Quizplus · Accepted Answer

Current liabilities are debts or obligations that are due within one year. Both wages owing and a loan due in 4 months fit this definition, making both A and B correct.

Identify the Current Liability