Current Liabilities
A) Are listed in order of liquidity
B) Are closed at the end of the accounting period to current assets
C) Are due to be settled within the shorter of one year or the operating cycle
D) Are listed in the order in which they are to be paid, with the first one listed to be paid first
E) Are due to be settled after one year or the operating cycle

Question

Quizplus · Accepted Answer

The Answer of Current Liabilities
A) Are listed in order of liquidity
B) Are closed at the end of the accounting period to current assets
C) Are due to be settled within the shorter of one year or the operating cycle
D) Are listed in the order in which they are to be paid, with the first one listed to be paid first
E) Are due to be settled after one year or the operating cycle