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Liabilities that will be paid or fulfilled within 12 months are \( \square \) liabilities. (Enter only one word per blank.)

Ask by Barber Carter. in the United States
Jan 26,2025

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current

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Liabilities that will be paid or fulfilled within 12 months are **current** liabilities.

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Current liabilities. Current liabilities are short-term obligations that a company is expected to settle within a year, such as accounts payable, short-term loans, and accrued expenses. Keeping track of current liabilities is essential for cash flow management and maintaining financial health in any business!

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