A debt due to be paid within one year (or operating cycle,if longer)is a current liability.

Name: A debt due to be paid within one year (or operating cycle,if longer)is a current liability.
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Question

Quizplus · Accepted Answer

This is the definition of a current liability according to accounting standards. Current liabilities are obligations that must be fulfilled within one year or the operating cycle of the business if it is longer than one year.

A Debt Due to Be Paid Within One Year (Or