Accounting for IGCSE & O level - Final Statements (Section 1 - No. 22)

What is the difference between current and non-current liabilities?

Current liabilities are due within one year, while non-current liabilities are due after one year.

Current liabilities are always greater than non-current liabilities.

Current liabilities are short-term debts, while non-current liabilities are long-term debts.

Current and non-current liabilities are the same thing

This is the definition of how they are classified.