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

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؟
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.