Discussion Assignment: Week 4 Accounting Course



Discussion Assignment: Week 4 Accounting Course

Question No. 1

The current liabilities are that portion of liabilities that are required to be met within the given time period or one complete operating cycle of the business. The concept of current liabilities emphasizes on the settlement of these commitments in exchange of current assets like cash, marketable securities, inventories etc. or by obtaining additional current liabilities in form of borrowings for shorter period of time. One of the most common and simplest forms of current liabilities is account payable, which is supposed to be paid within 30 or ...