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Grade 9- July Exams > Economic Management Sciences- Liabilities > Flashcards

Economic Management Sciences- Liabilities Flashcards

1
Q

Definition

A

Money owed to an enterprise or a financial institution.

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2
Q

Non-current

A

Long term
>12 months
Takes longer than a year to pay off.
Loan and mortgage loan.

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3
Q

Current

A

Short term

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Grade 9- July Exams (148 decks)

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