Multiple Choice Questions on The debts which are to be repaid within a short period a year or less are referred to as ........ for Commerce ( 11 and 12th) Preparation

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Multiple Choice Questions

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

Accountancy (11th) Chapter-4 Recording the treatment -2
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    The debts which are to be repaid within a short period (a year or less) are referred to as,

    Current Liabilities

    Correct Answer

    Fixed liabilities

    Incorrect Answer

    Contingent liabilities

    Incorrect Answer

    All of the above

    Incorrect Answer
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    Explanation:

    Current Liabilities

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