What is current liability
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Answer / sricharan babu m
It is debts or obligations that are due within one year.
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / s.usmani
It is liability that is required to discharge within one accounting period.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / lakshya vishwakarma sir
it is an liability that relates to a fix year or financial year
| Is This Answer Correct ? | 0 Yes | 1 No |
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Expand L S T
Hay I am suresh from Bastar. I was just complete my interview on 29-04-2010 at Raipur. The panel Board asked a questions are
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42. G.Simkins sends back stock to J.J. Fabrics (a supplier), having originally purchased it on Credit. J.J. fabrics issued a Credit note for the value of these goods. In simkins’ books, the double entry for this transaction should be. a) Debit : J.J. Fabrics; Credit purchases b) Debit : purchases; credit J.J. Fabrics c) Debit : J.J. Fabrics; credit purchase returns d) Debit: purchases returns; credit J.J Fabrics.
Short Answer on_____________Current Liabilities
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