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
Explanation
This is the definition of how they are classified.
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