Which of these is not typically a non-current liability?
A) Unsecured notes
B) Mortgage payable
C) Provision for long service leave
D) Accounts payable

Question

Quizplus · Accepted Answer

Accounts payable is typically a current liability, not a non-current liability. Non-current liabilities are obligations that are not expected to be paid off within the next 12 months, whereas current liabilities are expected to be paid off within the next 12 months. Unsecured notes, mortgage payable, and provision for long service leave are all examples of non-current liabilities.

Which of These Is Not Typically a Non-Current Liability