Short-term obligations that have to be met within the next twelve months is called _____?

مختصر مدت کی ذمہ داریوں کو جو اگلے بارہ مہینوں میں پورا کرنا پڑتا ہے اسے _____ کہا جاتا ہے؟
Answer: Current Liabilities
Explanation
  • Current liabilities are debts or obligations a company must pay within one year, such as accounts payable and short-term loans.
  • They are different from current assets, which represent resources expected to be converted into cash within a year.
  • This question appeared in Past Papers (3 times)
    Audit Officer Past Papers and Syllabus (1 times)
    Senior Auditor Past Papers and Syllabus (2 times)
    This question appeared in Subjects (1 times)
    ACCOUNTING (1 times)

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