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Giving example, explain the following accounting term: Short-term liability - Accountancy

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प्रश्न

Giving example, explain the following accounting term:

Short-term liability

संक्षेप में उत्तर

उत्तर

Short-term liability- Those liabilities that are incurred with an intention to be paid or are payable within a year; for example, bank overdraft creditors, bills payable, outstanding wages, short-term loans, etc

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Basic Terms in Accounting
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अध्याय 1: Introduction to Accounting - Questions for practice [पृष्ठ २१]

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एनसीईआरटी Accountancy - Financial Accounting 1 [English] Class 11
अध्याय 1 Introduction to Accounting
Questions for practice | Q 13. (iv) | पृष्ठ २१
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