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Question
What are the current liabilities ? give examples.
What are the current liabilities ? give examples.
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Solution
Current Liabilities are those liabilities that are to be repaid within a period of one year such as bank overdraft, bills payable, provision for tax, outstanding expenses, etc.
Current Liabilities are those liabilities that are to be repaid within a period of one year such as bank overdraft, bills payable, provision for tax, outstanding expenses, etc.
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