Do you know what is liabilities and what all does include in current liabilities?
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Answer / Rohit Choudhry
Liabilities are obligations or debts that a company owes to others. Current liabilities are debts that are expected to be paid off within one year or the company's operating cycle, whichever is longer. Examples of current liabilities include accounts payable, accrued expenses, salaries payable, taxes payable, and short-term loans.
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