ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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CURRENT LIABILITIES Definition
CURRENT LIABILITIES are liabilities to be paid within one year of the balance sheet date.
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ANALYZE is to Identify and classify items for further study.
COMPANY LIMITED BY GUARANTEE is where the liabilities of the members will be restricted to the amount each agrees to contribute to the assets of the company in the event of dissolution or liquidation.