Current liabilities are all those debts and liabilities that a firm must pay to its investors and shareholders over a long period.

Question

Quizplus · Accepted Answer

Current liabilities are debts and obligations that a firm must pay within 12 months or one operating cycle, whichever is longer. These include accounts payable, short-term loans, and accrued expenses. They are not necessarily related to investors and shareholders.

Current Liabilities Are All Those Debts and Liabilities That a Firm