Which of the following is a debt that is due to be paid with cash, or with goods and services within the next year (or normal operating cycle, if longer)?
A) Current liability
B) Long-term liability
C) Quick liability
D) Liquid liability

Question

Quizplus · Accepted Answer

Current liabilities are debts or obligations that are due to be paid within one year or within the normal operating cycle of the business, whichever is longer. This can include obligations such as accounts payable, short-term loans, and other similar debts.

Which of the Following Is a Debt That Is Due