Economic Management Sciences- Liabilities Flashcards Preview

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

Flashcards in Economic Management Sciences- Liabilities Deck (3):
1

Definition

Money owed to an enterprise or a financial institution.

2

Non-current

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

3

Current

Short term

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