Like current assets, current liabilities are immediate liabilities of the firm that are to be paid within one year from the date of balance sheet. Current liabilities primarily include sundry creditors, expenses payable, bills payable, short-term loans, advance from customers, etc.
Like current assets, current liabilities are immediate liabilities of the firm that are to be paid within one year from the date of balance sheet.
Current liabilities primarily include sundry creditors, expenses payable, bills payable, short-term loans, advance from customers, etc.