The debts which are to be repaid within a short period (a year or less) are referred to as, | Faculties

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Priyanka Tomar

🎓 Tutor III ⭐ 35.28K Points

📊 Business Accounting

Q. The debts which are to be repaid within a short period (a year or less) are referred to as,

(A) Current Liabilities
(B) Fixed liabilities
(C) Contingent liabilities
(D) All the above

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✅ Correct Answer: (A) Current Liabilities

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