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Grade 9 November Exams > EMS- Liabilities > Flashcards

EMS- Liabilities Flashcards

1
Q

Liability

A

Money owed to an enterprise or financial institution

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2
Q

Non-current

A

Long term, >12 months
Takes longer an a year to repay.
Loan and mortgage loan

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3
Q

Current

A

Short term, <12 months

Paid for within a year

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Grade 9 November Exams (186 decks)

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