Match the descriptions with their terms:
-An obligation than can reasonably be expected to be paid within one year or the operating cycle of a business
A) Non-current liability
B) Present value
C) Warranty
D) Issue price
E) Current liability
F) Borrowing costs
G) Contract interest rate
H) Mortgage
I) Quick ratio
J) Provision

Question

Quizplus · Accepted Answer

Current liabilities are financial obligations of a business entity that are due and payable within a year or within the operating cycle of the business.

Match the Descriptions with Their Terms