Which of the following is a current liability?
A) An accrual
B) Equipment
C) Trade receivables
D) Loan repayable in three years

Name: Which of the following is a current liability? A) An accrual B) Equipment C) Trade receivables D) Loan repayable in three years
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Question

Quizplus · Accepted Answer

An accrual is a current liability as it represents expenses that have been incurred but not yet paid, typically due within a year.

Which of the Following Is a Current Liability