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Financial Statements of Sole Proprietorship — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountFinancial Statements of Sole Proprietorship1 Mark
Question
Briefly explain Current Liabilities.
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Answer

Current Liabilities: These liabilities are payable by the business within a year.
Examples are trade creditors, bills payable, outstanding expenses, bank overdraft, etc.

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