Give one example for current liability.

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Solution

Current liabilities include accounts payable, short-term debt, accrued expenses, and dividends payable.

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Similar questions

Q. Give one example of each of the following transactions:
(i) Increase in an asset and a liability.
(ii) Decrease in an asset and a liability.
(iii) Increase in assets and capital.
(iv) Decrease in assets and capital.

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(viii) Increase in liabilities, decrease in owner's capital.

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