Multiple choice

Which of the following defines Current Liabilities?

  1. Debts repayable after 1 year

  2. Debts need not be repaid

  3. Debts written off

  4. Debts repayable within one year

  5. None of these

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

 Debts must be paid within one  year or one operating cycle.