Which of the following items is a current liability?
...Which of the following items is a current liability?
Stock of raw material
Cash in hand
Bills payable
Cash at bank
Correct answer is C
Current liabilities are amounts due to be paid to creditors within twelve months.
The following are common examples of current liabilities:
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\(\begin{array}{c|c} & & ₦\\ \hline \text{Raw materials} & \text{stock 1/1/2000} &...
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